Ministerios Palabra Verda Vida

Analysis

Ministerios Palabra Verda Vida is a registered charity in United States, based in N Hollywood, CA. It received its IRS tax-exemption ruling in May 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 2022, Ministerios Palabra Verda Vida reported income of $255k and spending of $202k, leaving 21% of income unspent that year. Across the 3 years on record, from December 2020 to December 2022, income grew from $106k to $255k (+140%), an average of +55% a year. The sharpest change came in the year to December 2021, when income rose by 89%. Over the whole period it spent 57% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Ministerios Palabra Verda Vida sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 61st percentile within CA. Charities of a similar size with the same main cause include Shekinah Glory Ministries Inc ($255k), Life Pathway ($255k) and Redeeming Grace Outreach Worship Center ($255k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $24k (12% of expenses). At year end it held assets of $576k against liabilities of $0, net assets of $576k.