Iglesia Luz de Salvacion de Aic Inc

Analysis

Iglesia Luz de Salvacion de Aic Inc is a registered charity in United States, based in Huntingtn Sta, NY. It received its IRS tax-exemption ruling in October 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 Luz de Salvacion de Aic Inc reported income of $367k and spending of $374k, spending 102% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $326k to $367k (+13%), an average of +4.0% a year. The sharpest change came in the year to December 2022, when income rose by 18%. Over the whole period it spent 88% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Iglesia Luz de Salvacion de Aic Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include Beulah Housing Development Fund Company Inc ($367k), Yagdil Torah Inc ($367k) and Mission Barnabas International ($367k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $36k (9.7% of expenses). Other salaries and wages came to $13k. At year end it held assets of $305k against liabilities of $1,279, net assets of $304k.