Bright Sound Myung Sung Church

Analysis

Bright Sound Myung Sung Church is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in January 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, Bright Sound Myung Sung Church reported income of $73k and spending of $51k, leaving 30% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $62k to $73k (+18%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 77% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Bright Sound Myung Sung Church sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 31st percentile within CA. Charities of a similar size with the same main cause include Chris Jacobs Ministries ($73k), Hopequest Ministries Inc ($73k) and Monte Anderson Global Mission Inc ($73k).

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 $37k against liabilities of $0, net assets of $37k.