Iglesia Bautista Efeso Inc

Analysis

Iglesia Bautista Efeso Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in August 1969, 57 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 2022, Iglesia Bautista Efeso Inc reported income of $217k and spending of $212k, spending 98% of its income. Across the 2 years on record, from December 2019 to December 2022, income fell from $267k to $217k (-19%), an average of -19% a year. The sharpest change came in the year to December 2022, when income dropped by 19%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Iglesia Bautista Efeso Inc 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 55th percentile, and in the 59th percentile within FL. Charities of a similar size with the same main cause include Tri-City Senior Council of Holt County Nutrition Site 11a ($217k), San Joaquin Safety Council ($217k) and Lees Summit Powder Puff Softball Association ($217k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $42k. At year end it held assets of $328k against liabilities of $142k, net assets of $186k.