Iglesia Pentecostal Maranatha Inc

Analysis

Iglesia Pentecostal Maranatha Inc is a registered charity in United States, based in Asbury Park, NJ. It received its IRS tax-exemption ruling in September 2009, 17 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 Pentecostal Maranatha Inc reported income of $173k and spending of $157k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $154k to $173k (+12%), an average of +3.0% a year. The sharpest change came in the year to December 2021, when income rose by 28%. Over the whole period it spent 88% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Iglesia Pentecostal Maranatha Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 58th percentile within NJ. Charities of a similar size with the same main cause include Torah 24 Inc ($173k), House of Prayer Iglesia Casa de Oracion de Aic ($173k) and Krishna Bhakti Seva Sangh ($173k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $61k (39% of expenses). At year end it held assets of $554k against liabilities of $914, net assets of $553k. It reported 1 employees.