Rehobot Eritrean Church of Charlotte

Analysis

Rehobot Eritrean Church of Charlotte is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in June 2016, 10 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, Rehobot Eritrean Church of Charlotte reported income of $226k and spending of $45k, leaving 80% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $158k to $226k (+44%), an average of +9.5% a year. The sharpest change came in the year to December 2022, when income rose by 119%. Over the whole period it spent 30% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rehobot Eritrean Church of Charlotte sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within NC. Charities of a similar size with the same main cause include Recreational Park of Red Hook Inc ($226k), Ser Jobs for Progress Inc ($226k) and Youth Transitional Training Inc ($226k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $1,000. At year end it held assets of $0 against liabilities of $0, net assets of $0.