Macedonia African Methodist Episcopal Church Inc

Analysis

Macedonia African Methodist Episcopal Church Inc is a registered charity in United States, based in Jamaica, NY. It received its IRS tax-exemption ruling in July 2019, 7 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, Macedonia African Methodist Episcopal Church Inc reported income of $770k and spending of $626k, spending 81% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $1.0m to $770k (-24%), an average of -13% a year. The sharpest change came in the year to December 2023, when income dropped by 31%. Over the whole period it spent 86% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Macedonia African Methodist Episcopal Church Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include Congregation Magen David of Manhattan ($769k), Alaska Missions and Retreats ($770k) and I2 Ministries Inc ($769k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $140k (22% of expenses). Other salaries and wages came to $130k. At year end it held assets of $3.3m against liabilities of $0, net assets of $3.3m. It reported 3 employees.