Bethel Korean Presbyterian Church a R Synod

Analysis

Bethel Korean Presbyterian Church a R Synod is a registered charity in United States, based in Fayetteville, NC. It received its IRS tax-exemption ruling in March 1967, 59 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 2021, Bethel Korean Presbyterian Church a R Synod reported income of $363k and spending of $329k, spending 91% of its income. Across the 4 years on record, from December 2018 to December 2021, income fell from $565k to $363k (-36%), an average of -14% a year. The sharpest change came in the year to December 2019, when income dropped by 31%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bethel Korean Presbyterian Church a R Synod sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within NC. Charities of a similar size with the same main cause include Mountain Alliance Inc ($363k), Newburgh Sea Creatures ($363k) and Republic of Thrift ($363k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $78k. At year end it held assets of $721k against liabilities of $0, net assets of $721k. It reported 2 employees.