Iglesia Pentecostal Arca de Salvacion Inc

Analysis

Iglesia Pentecostal Arca de Salvacion Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 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 2020, Iglesia Pentecostal Arca de Salvacion Inc reported income of $1.5m and spending of $84k, leaving 94% of income unspent that year. Across the 2 years on record, from December 2019 to December 2020, income grew from $37k to $1.5m (+3887%), an average of +3887% a year. The sharpest change came in the year to December 2020, when income rose by 3887%. Over the whole period it spent 7.1% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Iglesia Pentecostal Arca de Salvacion Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Islamic Center of Johnson County Inc ($1.5m), American Friends of Birchas Mordechai ($1.5m) and Chabad of Ciuj-Napoca Romania Inc ($1.5m).

On its Form 990 for the period ending December 2020, revenue came from program service revenue 8.0% of the total. At year end it held assets of $1.4m against liabilities of $32, net assets of $1.4m.