Civic Intelligence

Calvary Faith Church

EIN 20-1033832 • 501(c)3 • Los Angeles, CA

Profile

To preach and spread gospel by holding worship services, meetings, conferences and activities to enrich the community.

3300 W Adams BlvdLos Angeles, CA 90018

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

92nd percentile

0.93x

Higher debt load relative to assets than 92% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

90th percentile

0.35x

Higher debt load relative to revenue than 90% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

51st percentile

1.8%

Higher net margin than 51% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

49th percentile

-2.6%

Faster asset growth than 49% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

39th percentile

-13%

Faster revenue growth than 39% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

$153,592

Down $4,160 (-2.6%) from 2023

Liabilities

Down

$142,203

Down $11,595 (-7.5%) from 2023

Net Assets

Up

$11,389

Up $7,435 (+188%) from 2023

Revenue

Down

$405,129

Down $62,257 (-13%) from 2023

Expenses

Down

$397,694

Down $77,872 (-16%) from 2023

Net Income

Up

$7,435

Up $15,615 (+191%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$200K$150K$100K$50K$0Assets 2013: $80,249Liabilities 2013: $4,823Net Assets 2013: $75,4262013Assets 2014: $68,644Liabilities 2014: $0Net Assets 2014: $68,6442014Assets 2015: $50,343Liabilities 2015: $0Net Assets 2015: $50,3432015Assets 2019: $63,909Liabilities 2019: $0Net Assets 2019: $63,9092019Assets 2023: $157,752Liabilities 2023: $153,798Net Assets 2023: $3,9542023Assets 2024: $153,592Liabilities 2024: $142,203Net Assets 2024: $11,3892024

Highlighted filing

2024

Assets$153,592
Liabilities$142,203
Net Assets$11,389

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KRevenue 2013: $446,999Expenses 2013: $425,668Net Income 2013: $21,3312013Revenue 2014: $417,317Expenses 2014: $369,911Net Income 2014: $47,4062014Revenue 2015: $387,319Expenses 2015: $392,252Net Income 2015: -$4,9332015Revenue 2019: $437,575Expenses 2019: $373,666Net Income 2019: $63,9092019Revenue 2023: $467,386Expenses 2023: $475,566Net Income 2023: -$8,1802023Revenue 2024: $405,129Expenses 2024: $397,694Net Income 2024: $7,4352024

Highlighted filing

2024

Revenue$405,129
Expenses$397,694
Net Income$7,435

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 13, 2025
Return Version
2024v5.2
Gross Receipts
$405,129
Mission and Program Overview

Mission

To proclaim the Gospel of Christ and the beliefs of the evangelical Christian faith, to maintain the worship of God, and to inspire in all persons a love for Christ, a passion for righteousness, and a consciousness of their duties to God and their fellow human beings.

To preach and spread gospel by holding worship services, meetings, conferences and activities to enrich the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$157,752$153,592▼ $4,160
Rtn Earn Endowment Incm Other Fnds$3,954$11,389▲ $7,435
Total Assets$157,752$153,592▼ $4,160
Liabilities
Unsecured Notes Loans Payable$150,000$140,327▼ $9,673
Accounts Payable and Accrued Expenses$3,798$1,876▼ $1,922
Total Liabilities$153,798$142,203▼ $11,595
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,954$11,389▲ $7,435
Total Liabilities and Net Assets / Fund Balance$157,752$153,592▼ $4,160
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jin Woong KangCEO
Kil-jong KoCFO
Won Man KimSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$405,129
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$405,129
Change in Net Assets
$7,435
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$209,542
Salaries, Compensation, and Employee Benefits$115,485
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$104,000--$104,000
Other Salaries and Wages$79,410--$79,410
Benefits to Members$72,667--$72,667
All Other Expenses$45,012$5,942-$50,954
Current Officers, Directors, Trustees, and Key Employees$30,000--$30,000
Other Expenses$12,194$12,194-$24,388
Insurance-$23,033-$23,033
Payroll Taxes$6,075--$6,075
Advertising$3,126--$3,126
Fees for Services Accounting-$3,070-$3,070
Office Expenses$971--$971
Total Functional Expenses$353,455$44,239$0$397,694
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Members or stockholder classes and rights Part VI line 6

There are four members in the governing body. Three are independent.

Member election for additional members Part VI line 7A

When an existing member resigns, the governing body calls for a meeting and all church members are invited to a meeting. Upon 2/3 of the participating church members consent, a new member is elected among all the candidates.

Governing body decisions Part VI line 7B

Governing decision needs to be approved at the meeting where all the church members are invited to attend.

Form 990 governing body review Part VI line 11

Copy of the form 990 is made available to be provided to the governing body for three weeks prior to filing. During the three weeks period, the governing body gets a chance to bring up any issue to the president and the preparer. After three weeks, the signor signs the authorization to file the return and the return gets filed.

CEO executive director top management comp Part VI line 15A

Meeting is called for bi-annually with the presence of all church members after worship service. At the meeting, the officer gives briefing about the operation of the church including the financial statements, budget, officer wages and other issues. There is a seperate meeting for the officers prior to this meeting where the governing members decide on all matters including the officers compensation.

Other officer or key employee compensation Part VI line 15B

Meeting is called for bi-annually with the presence of all church members after worship service. At the meeting, the officer gives a presentation about the operation of the church including the financial operation, budget, officer wages and other issues. The officers gather in a meeeting to decide on the compensation of the church members in a meeting and the result gets announced to the church members giving them the right to inquire or raise opinion to the governing body.

Governing documents etc available to public Part VI line 19

Governing documents are not made available to the general public. It is only available to church memebrs upon request.

Filing and Contact Details

Filer

Filer Name
Calvary Faith Church
EIN
20-1033832
In Care Of
% JINWOONG KANG
Phone
2137007627
Address
3300 W ADAMS BLVD, LOS ANGELES, CA 90018

Signing Officer

Name
Jinwoong Kang
Title
CEO
Phone
2137007627
Signed
2025-11-13
Discuss with paid preparer
No

Organization Details

Formed
2004
Legal Domicile
CA
Voting Board Members
4
Independent Board Members
1
Employees
4
Volunteers
30

Preparer

Firm
Taxeswithcpacom
Address
PO BOX 452, CHINO HILLS, CA 91709
Preparer
Kyunglan Bae
Phone
3107096927
Supplemental Narrative

Additional Explanations

List of other expenses Part IX line 24E

Donation dues & subscription equipment lease event-related expenses flower food for events gift guest speaker internet kitchen help

Raw XML Appendix276 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE ARE FOUR MEMBERS IN THE GOVERNING BODY. THREE ARE INDEPENDENT.
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ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KYUNGLAN BAE
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-11-13T20:58:00-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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