Penuel International Church Inc

Analysis

Penuel International Church Inc is a registered charity in United States, based in Silver Spring, MD. 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, Penuel International Church Inc reported income of $150k and spending of $120k, leaving 20% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $76k to $150k (+98%), an average of +26% a year. The sharpest change came in the year to December 2021, when income dropped by 100%. Over the whole period it spent 94% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Penuel International Church Inc sits at the 57th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 47th percentile within MD. Charities of a similar size with the same main cause include Iglesia de Restauracion Unidos En Cristo Inc ($150k), Holy Trinity Hermitage Inc ($150k) and Jewish Social Response ($150k).

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 $34k against liabilities of $0, net assets of $34k.