Miami Peniel Church of the Nazarene Inc

Analysis

Miami Peniel Church of the Nazarene Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in July 2022, 4 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, Miami Peniel Church of the Nazarene Inc reported income of $102k and spending of $84k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $97k to $102k (+5.4%), an average of +5.4% a year. Over the whole period it spent 73% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Miami Peniel Church of the Nazarene Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 41st percentile within FL. Charities of a similar size with the same main cause include New Thing Inc ($102k), Hiding Place Inc ($102k) and Catholic Kolping Society Chicago ($102k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 88% of the total. At year end it held assets of $19k against liabilities of $0, net assets of $19k.