Iglesia Corona de Gloria

Analysis

Iglesia Corona de Gloria is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in June 2014, 12 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, Iglesia Corona de Gloria reported income of $57k and spending of $55k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $42k to $57k (+36%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 97% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Iglesia Corona de Gloria 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 22nd percentile, and in the 24th percentile within CA. Charities of a similar size with the same main cause include Transforming Lives Through Hope ($57k), Outpost Expeditions ($57k) and Praise Nation Worship Center Inc ($57k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1,808 against liabilities of $0, net assets of $1,808.