Ministerio Catedral de Adoracao Inc

Analysis

Ministerio Catedral de Adoracao Inc is a registered charity in United States, based in Harrison, NY. It received its IRS tax-exemption ruling in April 2024, 2 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, Ministerio Catedral de Adoracao Inc reported income of $212k and spending of $303k, spending 143% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $282k to $212k (-25%), an average of -25% a year. The sharpest change came in the year to December 2023, when income dropped by 25%. 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, Ministerio Catedral de Adoracao Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within NY. Charities of a similar size with the same main cause include Iglesia Pentecostal Refugio de Salvacion de Copiague Inc ($212k), Overcomers Mission Schools ($212k) and Mission Africa International ($212k).

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 $20k (6.7% of expenses). At year end it held assets of $19k against liabilities of $0, net assets of $19k.