Punto de Encuentro

Analysis

Punto de Encuentro is a registered charity in United States, based in Spring Valley, CA. It received its IRS tax-exemption ruling in August 2016, 10 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, Punto de Encuentro reported income of $292k and spending of $221k, leaving 24% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $242k to $292k (+21%), an average of +3.8% a year. The sharpest change came in the year to December 2019, when income rose by 16%. Over the whole period it spent 91% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Punto de Encuentro sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within CA. Charities of a similar size with the same main cause include Good News Radio Broadcasting Inc ($292k), National Network of Korean Americanunited Methodist Women ($292k) and Agape Love Global Ministries Inc ($292k).

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 $73k (33% of expenses). At year end it held assets of $0 against liabilities of $0, net assets of $0. It reported 2 employees.