Iglesia Pentecostal Maranatha Inc
EIN: 562498044 · Asbury Park, NJ · NTEE: X20
| Metric | Value |
|---|---|
| Total Revenue | $202K |
| Total Expenses | $157K |
| Net Assets | $553K |
Is Iglesia Pentecostal Maranatha Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Iglesia Pentecostal Maranatha Inc
Iglesia Pentecostal Maranatha Inc (EIN: 562498044) is a nonprofit organization based in Asbury Park, NJ, classified under NTEE code X20. The organization reported total revenue of $202K and total assets of $560K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Iglesia Pentecostal Maranatha Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Iglesia Pentecostal Maranatha Inc is a small nonprofit that has been operating for 17 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of 1.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $173K |
| Total Expenses | $157K |
| Surplus / Deficit | +$16K |
| Total Assets | $554K |
| Total Liabilities | $914 |
| Net Assets | $553K |
| Operating Margin | 9.1% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 42.3 months |
Financial Health Grade: A
In 2023, Iglesia Pentecostal Maranatha Inc reported a surplus of $16K with revenue exceeding expenses, holds 42.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 6 years of filings (2018–2023), Iglesia Pentecostal Maranatha Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.4% | +14.6% | +4.9% |
| 2022 | +8.8% | +5.2% | +6.8% |
| 2021 | +28.5% | +4.7% | +6.3% |
| 2020 | -20.0% | -8.6% | -2.4% |
| 2019 | -6.2% | -0.8% | +0.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7100 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Iglesia Pentecostal Maranatha Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Iglesia Pentecostal Maranatha Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $16K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.2%.
Frequently Asked Questions about Iglesia Pentecostal Maranatha Inc
Is Iglesia Pentecostal Maranatha Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Iglesia Pentecostal Maranatha Inc (EIN: 562498044) insufficient data. 0 red flags identified, 0 strengths noted.
How does Iglesia Pentecostal Maranatha Inc spend its money?
Detailed spending breakdown data is not yet available for Iglesia Pentecostal Maranatha Inc. Check back for updated IRS 990 analysis.
Are donations to Iglesia Pentecostal Maranatha Inc tax-deductible?
Iglesia Pentecostal Maranatha Inc is registered as a tax-exempt nonprofit (EIN: 562498044). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Iglesia Pentecostal Maranatha Inc located?
Iglesia Pentecostal Maranatha Inc is headquartered in Asbury Park, New Jersey and files with the IRS under EIN 562498044. It is classified under NTEE code X20.
How many years of IRS 990 filings does Iglesia Pentecostal Maranatha Inc have?
Iglesia Pentecostal Maranatha Inc has 6 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $202K in total revenue.
Filing History
IRS 990 filing history for Iglesia Pentecostal Maranatha Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Iglesia Pentecostal Maranatha Inc's revenue has grown by 5.4%, moving from $164K to $173K. Total assets increased by 17.2% over the same period, from $473K to $554K. Total functional expenses rose by 14.5%, from $137K to $157K. In its most recent filing year (2023), Iglesia Pentecostal Maranatha Inc reported a surplus of $16K, with revenue exceeding expenses. The organization holds $914 in liabilities against $554K in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $553K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $173K | $157K | $554K | $914 | — | — |
| 2022 | $172K | $137K | $528K | $210 | — | — |
| 2021 | $158K | $130K | $495K | $3K | — | View 990 |
| 2020 | $123K | $125K | $466K | $2K | — | View 990 |
| 2019 | $154K | $136K | $477K | $1K | — | View 990 |
| 2018 | $164K | $137K | $473K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $173K, expenses of $157K, and assets of $554K (revenue +0.4% year-over-year).
- 2022: Revenue of $172K, expenses of $137K, and assets of $528K (revenue +8.8% year-over-year).
- 2021: Revenue of $158K, expenses of $130K, and assets of $495K (revenue +28.5% year-over-year).
- 2020: Revenue of $123K, expenses of $125K, and assets of $466K (revenue -20.0% year-over-year).
- 2019: Revenue of $154K, expenses of $136K, and assets of $477K (revenue -6.2% year-over-year).
- 2018: Revenue of $164K, expenses of $137K, and assets of $473K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Iglesia Pentecostal Maranatha Inc:
Data Sources and Methodology
This transparency report for Iglesia Pentecostal Maranatha Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.