Saint Ioasaf of Belgorod Land Russian Orthodox Church Inc

Analysis

Saint Ioasaf of Belgorod Land Russian Orthodox Church Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in March 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 February 2024, Saint Ioasaf of Belgorod Land Russian Orthodox Church Inc reported income of $74k and spending of $52k, leaving 29% of income unspent that year. Across the 2 years on record, from February 2023 to February 2024, income fell from $79k to $74k (-6.4%), an average of -6.4% a year. Over the whole period it spent 66% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Saint Ioasaf of Belgorod Land Russian Orthodox Church Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 30th percentile within NY. Charities of a similar size with the same main cause include Redeemer Endowment Fund ($74k), Ignited Ministries Inc ($74k) and Western Spirit Enrichment Center Inc ($74k).

On its Form 990-EZ for the period ending February 2024, revenue came from contributions and grants 109% of the total. At year end it held assets of $261k against liabilities of $22k, net assets of $239k.