Temple Ark of Salvation Inc

Analysis

Temple Ark of Salvation Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in July 2018, 8 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, Temple Ark of Salvation Inc reported income of $109k and spending of $69k, leaving 37% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $97k to $109k (+13%), an average of +6.1% a year. Over the whole period it spent 72% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Temple Ark of Salvation Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 37th percentile within PA. Charities of a similar size with the same main cause include Desales Resources and Ministriesinc ($109k), Throne Room Worship Center ($109k) and Christ for the World Inc ($109k).

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 $132k against liabilities of $0, net assets of $132k.