Iglesia Biblica Sublime Gracia

Analysis

Iglesia Biblica Sublime Gracia is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in June 2022, 4 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, Iglesia Biblica Sublime Gracia reported income of $229k and spending of $201k, spending 88% of its income. Across the 2 years on record, from December 2021 to December 2023, income grew from $116k to $229k (+98%), an average of +98% a year. The sharpest change came in the year to December 2023, when income rose by 98%. Over the whole period it spent 59% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Iglesia Biblica Sublime Gracia sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 53rd percentile within CO. Charities of a similar size with the same main cause include Glad World ($229k), Center for Kehilla Growth ($229k) and Peaceful Valley Baptist Camp ($229k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $167k against liabilities of $0, net assets of $167k.