Iglesia Hispana Palarra de Fe

Analysis

Iglesia Hispana Palarra de Fe is a registered charity in United States, based in Mesa, AZ. It received its IRS tax-exemption ruling in September 2005, 21 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 Hispana Palarra de Fe reported income of $81k and spending of $86k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $230k to $81k (-65%), an average of -23% a year. The sharpest change came in the year to December 2022, when income dropped by 41%. Over the whole period it spent 100% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Iglesia Hispana Palarra de Fe sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 29th percentile within AZ. Charities of a similar size with the same main cause include Greater Mizpah Baptist Church ($81k), Wholeness Ministries ($81k) and Brenda Crouch Ministries Inc ($81k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $16k. At year end it held assets of $82k against liabilities of $0, net assets of $82k.