Iglesia Bethel Ministries Inc

Analysis

Iglesia Bethel Ministries Inc is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in September 2014, 12 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 Bethel Ministries Inc reported income of $1.3m and spending of $2.6m, spending 206% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.3m (+19%), an average of +4.4% a year. Over the whole period it spent 329% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Iglesia Bethel Ministries Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 86th percentile within TX. Charities of a similar size with the same main cause include Rhyme & Reason Ministry Inc ($1.3m), Williamsburg Christian Retreat Association ($1.3m) and Hand N Hand Outreach NFP ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $290k (11% of expenses). Other salaries and wages came to $62k. At year end it held assets of $8.7m against liabilities of $0, net assets of $8.7m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.