Hanwoory Presbyterian Church

Analysis

Hanwoory Presbyterian Church is a registered charity in United States, based in Reseda, CA. It received its IRS tax-exemption ruling in May 1980, 46 years ago. 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 2020, Hanwoory Presbyterian Church reported income of $181k and spending of $169k, spending 93% of its income. Across the 2 years on record, from December 2019 to December 2020, income fell from $247k to $181k (-27%), an average of -26% a year. The sharpest change came in the year to December 2020, when income dropped by 27%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hanwoory Presbyterian Church sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 54th percentile within CA. Charities of a similar size with the same main cause include Community Foundation Land Trust ($181k), Tiffany Club New England ($181k) and Little League Baseball Inc ($181k).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $24k (14% of expenses). Other salaries and wages came to $15k. At year end it held assets of $149k against liabilities of $0, net assets of $149k. It reported 3 employees.