Iglesia Las Vegas Palabra Viva

Analysis

Iglesia Las Vegas Palabra Viva is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in January 2017, 9 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 Las Vegas Palabra Viva reported income of $258k and spending of $232k, spending 90% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $430k to $258k (-40%), an average of -9.7% a year. The sharpest change came in the year to December 2020, when income dropped by 55%. Over the whole period it spent 99% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Iglesia Las Vegas Palabra Viva sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 63rd percentile within NV. Charities of a similar size with the same main cause include Every Tribe Inc ($258k), Potters House ($258k) and Arc-Morris Foundation Inc ($258k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $1,000 (0.4% of expenses). Other salaries and wages came to $42k. At year end it held assets of $71k against liabilities of $150k, net assets of -$79k. It reported 2 employees.