Igelsia Biblica Gracia Sobre Gracia

Analysis

Igelsia Biblica Gracia Sobre Gracia is a registered charity in United States, based in Ahsland, VA. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Igelsia Biblica Gracia Sobre Gracia reported income of $88k and spending of $49k, leaving 44% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $68k to $88k (+30%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 46% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Igelsia Biblica Gracia Sobre Gracia sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 33rd percentile within VA. Charities of a similar size with the same main cause include The Caring House Project Inc ($88k), Puzzle Piece Ministries ($88k) and Warren Coffeehouse Ministries ($88k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $184k against liabilities of $0, net assets of $184k.