Iglesia Biblica Peniel

Analysis

Iglesia Biblica Peniel is a registered charity in United States, based in Hyattsville, MD. It received its IRS tax-exemption ruling in June 1996, 30 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 Biblica Peniel reported income of $212k and spending of $231k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $224k to $212k (-5.0%), an average of -1.3% a year. The sharpest change came in the year to December 2020, when income dropped by 23%. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Iglesia Biblica Peniel sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within MD. Charities of a similar size with the same main cause include Cedarworks Inc ($212k), Illuminate Ministries ($212k) and Moravian Care Ministries ($212k).

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 $91k (39% of expenses). At year end it held assets of $0 against liabilities of $0, net assets of $0.