Iglesia Evangelica Filadelfia

Analysis

Iglesia Evangelica Filadelfia is a registered charity in United States, based in Sherman, TX. It received its IRS tax-exemption ruling in November 2017, 9 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, Iglesia Evangelica Filadelfia reported income of $476k and spending of $376k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $194k to $476k (+145%), an average of +25% a year. The sharpest change came in the year to December 2021, when income rose by 61%. Over the whole period it spent 63% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Iglesia Evangelica Filadelfia sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 74th percentile within TX. Charities of a similar size with the same main cause include Engaging Disability with the Gospel Inc ($475k), Missions Frontier Inc ($476k) and Sisters of Our Lady of Perpetual Help ($475k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $82k (22% of expenses). At year end it held assets of $979k against liabilities of $23k, net assets of $957k.