Iglesia Maranatha Inc

Analysis

Iglesia Maranatha Inc is a registered charity in United States, based in Russell SPGS, KY. It received its IRS tax-exemption ruling in February 2021, 5 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 Maranatha Inc reported income of $191k and spending of $128k, leaving 33% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $126k to $191k (+51%), an average of +52% a year. The sharpest change came in the year to December 2023, when income rose by 51%. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Iglesia Maranatha Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 52nd percentile within KY. Charities of a similar size with the same main cause include Brazilian Christian Church ($191k), Pew Ministries Inc ($191k) and Southwest Florida Community Prayer Breakfast Inc ($191k).

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 $1 against liabilities of $0, net assets of $1.