Templo de Alabanza

Analysis

Templo de Alabanza is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in April 2006, 20 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, Templo de Alabanza reported income of $84k and spending of $287k, spending 343% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $1.2m to $84k (-93%), an average of -59% a year. The sharpest change came in the year to December 2022, when income dropped by 93%. Over the whole period it spent 102% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Templo de Alabanza sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 31st percentile within OK. Charities of a similar size with the same main cause include Society of Missionaries of Mary Immaculate ($84k), Ebc Pawlpi Ga Inc ($84k) and The Way Biblical Counseling Ministry ($84k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $36k (13% of expenses). At year end it held assets of $2.3m against liabilities of $250k, net assets of $2.1m. It reported 7 employees.