Bethel Faith Korean Church Inc

Analysis

Bethel Faith Korean Church Inc is a registered charity in United States, based in Buford, GA. It received its IRS tax-exemption ruling in December 1964, 62 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, Bethel Faith Korean Church Inc reported income of $569k and spending of $434k, leaving 24% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $381k to $569k (+49%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 56%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bethel Faith Korean Church Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within GA. Charities of a similar size with the same main cause include South Texas Youth Soccer Association ($569k), Pregnancy Center West Inc ($569k) and Mahoning Valley Ambulance Association ($569k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $23k (5.2% of expenses). Other salaries and wages came to $95k. At year end it held assets of $649k against liabilities of $99k, net assets of $549k. It reported 2 employees.