Maranatha Brethren in Christ Church Inc

Analysis

Maranatha Brethren in Christ Church Inc is a registered charity in United States, based in Hialeah, FL. It received its IRS tax-exemption ruling in January 1974, 52 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 2022, Maranatha Brethren in Christ Church Inc reported income of $970k and spending of $432k, leaving 55% of income unspent that year. Across the 5 years on record, from December 2018 to December 2022, income grew from $299k to $970k (+224%), an average of +34% a year. The sharpest change came in the year to December 2022, when income rose by 84%. Over the whole period it spent 70% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Maranatha Brethren in Christ Church Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within FL. Charities of a similar size with the same main cause include Laudato Si Project ($970k), Orthodox Rabbinical Board of Broward & Palm Beach Counties Inc ($970k) and Serving Workers for the Harvest Inc ($970k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 58% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $142k (33% of expenses). At year end it held assets of $2.0m against liabilities of $951k, net assets of $1.0m. It reported 9 employees.