Iglesia Casa Del Rey Inc
Nonprofit profile at a glance
- EIN
- 822721293
- IRS 990-EZ coverage
- 2018–2021
- Forms available
- Form 990-EZ 2021
- Location
- Thomasville, NC, USA
- Phone
- 3369914441
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Christianity
- Affiliation
- Christianity
Reported finances
- Revenue
- $68,815
- Expenses
- $66,161
- Assets
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2021. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- SALVADOR JIMENEZ JR (President)
- KENIA MARIA ARGENAL ESCOBAR (Vice President)
People named in this filing
- SALVADOR JIMENEZ JR (President)
- KENIA MARIA ARGENAL ESCOBAR (Vice President)
- CARLOS CRUZ (Treasurer)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2021. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The specific purpose for which the corporation is initially organized is to teach and preach the gospel to all people, conduct evangelistic activities, support foreign missions, license and ordain ministers of the gospel, provide religious, charitable and humanitarian services and to also engage in activities which are necessary, suitable or convenient for the accomplishment of that purpose, or which are incidental thereto or connected therewith which are consistent with Section 501(c)(3) of the Internal Revenue Code. This corporation is organized and operated exclusively for religious purposes within the meaning of Section 501(c)(3), Internal Revenue Code.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 98
- Transparency & Controls: 82
- Sustainability: 23
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 96.1%; rating input score 96
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 3.9%; rating input score 46; 46th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 45.3%; rating input score 4; 4th percentile among comparable filings
Growth
- Program expense growth: 2.5% per year; rating input score 100; 66th percentile among comparable filings
- Revenue growth: 6.7% per year; rating input score 100; 80th percentile among comparable filings
- Asset growth: -15.2% per year; rating input score 0; 11th percentile among comparable filings
Details
- Where the money goes: 96.1% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $66K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 5 of 5 current checks pass
- Schedules: 3 filed schedules
- Filing history: 4 filing years from 2018 to 2021
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Total-asset coverage ratio scored 2/100.
- Moderate — Sustainability: Operating margin scored 46/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 4/100.