Ethiopian Full Gospel Believers Church Silver Spring Local

Analysis

Ethiopian Full Gospel Believers Church Silver Spring Local is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in September 2020, 6 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 2022, Ethiopian Full Gospel Believers Church Silver Spring Local reported income of $58k and spending of $48k, spending 84% of its income. Across the 2 years on record, from December 2021 to December 2022, income fell from $83k to $58k (-31%), an average of -30% a year. The sharpest change came in the year to December 2022, when income dropped by 31%. Over the whole period it spent 82% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Ethiopian Full Gospel Believers Church Silver Spring Local sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 25th percentile within MD. Charities of a similar size with the same main cause include Mission Churches International Incorporated ($58k), Project Apoyo Inc ($58k) and Leader Formation International ($58k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $68k against liabilities of $0, net assets of $68k.