Iglesia de LA Comunion Agape Inc

Analysis

Iglesia de LA Comunion Agape Inc is a registered charity in United States, based in Cape Coral, FL. It received its IRS tax-exemption ruling in May 2016, 10 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Iglesia de LA Comunion Agape Inc reported income of $62k and spending of $50k, spending 80% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $48k to $62k (+30%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Iglesia de LA Comunion Agape Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 28th percentile within FL. Charities of a similar size with the same main cause include Technology Student Association ($62k), Susieq Dog Resq Inc ($62k) and Seymour Fastpitch Association Inc ($62k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $18k against liabilities of $11k, net assets of $6,968.