Submerge Church

Analysis

Submerge Church is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in September 2023, 3 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, Submerge Church reported income of $238k and spending of $136k, leaving 43% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $38k to $238k (+533%), an average of +533% a year. The sharpest change came in the year to December 2023, when income rose by 533%. Over the whole period it spent 50% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Submerge Church sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 60th percentile within CA. Charities of a similar size with the same main cause include Muslim Community of Michigan ($238k), Evangelization Society of Philadelphia Inc ($238k) and Land of Samantabhadra Institute ($238k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $64k (47% of expenses). At year end it held assets of $139k against liabilities of $0, net assets of $139k.