Independent Apostolic Assembly

Analysis

Independent Apostolic Assembly is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in August 1988, 38 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Independent Apostolic Assembly reported income of $62k and spending of $62k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $63k to $62k (-2.1%), an average of -2.1% a year. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Independent Apostolic Assembly sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 23rd percentile within MI. Charities of a similar size with the same main cause include College Womans Club of Westfield ($62k), Wings of Faith Ministries Inc ($62k) and Virginia Congress of Parents and Teachers ($62k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $81k against liabilities of $0, net assets of $81k.