The Redeemed Christian Church of God Family Praise Chapel Inc

Analysis

The Redeemed Christian Church of God Family Praise Chapel Inc is a registered charity in United States, based in Decatur, GA. It received its IRS tax-exemption ruling in August 2019, 7 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, The Redeemed Christian Church of God Family Praise Chapel Inc reported income of $1.1m and spending of $931k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $840k to $1.1m (+34%), an average of +7.5% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 75% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, The Redeemed Christian Church of God Family Praise Chapel Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within GA. Charities of a similar size with the same main cause include By the Spirit Ministries ($1.1m), Human Family Educational and Cultural Institute ($1.1m) and Gondesan Great Merciful Water USA Association Ltd ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $130k. At year end it held assets of $2.9m against liabilities of $0, net assets of $2.9m. It reported 5 employees.