Centro Biblico Internacional de Hialeah

Analysis

Centro Biblico Internacional de Hialeah is a registered charity in United States, based in Hialeah, FL. It received its IRS tax-exemption ruling in August 1964, 62 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, Centro Biblico Internacional de Hialeah reported income of $140k and spending of $149k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $135k to $140k (+3.4%), an average of +0.8% a year. The sharpest change came in the year to December 2020, when income dropped by 18%. Over the whole period it spent 113% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Centro Biblico Internacional de Hialeah sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 49th percentile within FL. Charities of a similar size with the same main cause include Gospel Carrier International Inc ($139k), The Society of St Vincent de Paul Western Duluth Diocese Distr ($140k) and Episcopal Network for Stewardship Inc ($139k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $29k. At year end it held assets of $72k against liabilities of $4,283, net assets of $68k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.