Point Loma Assembly

Analysis

Point Loma Assembly is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in January 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Point Loma Assembly reported income of $134k and spending of $95k, leaving 29% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $107k to $134k (+25%), an average of +25% a year. The sharpest change came in the year to June 2024, when income rose by 25%. Over the whole period it spent 76% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Point Loma Assembly sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 46th percentile within CA. Charities of a similar size with the same main cause include Children of Vinh Son Orphanage Inc ($134k), Power in a Shower Inc ($134k) and San Francisco Bay Area Yan Xin Qigong Society ($134k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 46% and program service revenue 5.6% of the total. At year end it held assets of $222k against liabilities of $200, net assets of $222k.