SBC Outreach and Worship Ministries

Analysis

SBC Outreach and Worship Ministries is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in May 2008, 18 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, SBC Outreach and Worship Ministries reported income of $311k and spending of $93k, leaving 70% of income unspent that year. Across the 2 years on record, from December 2019 to December 2020, income grew from $147k to $311k (+112%), an average of +112% a year. The sharpest change came in the year to December 2020, when income rose by 112%. Over the whole period it spent 45% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, SBC Outreach and Worship Ministries sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within MD. Charities of a similar size with the same main cause include Summit Planting Initiative ($311k), Israel Mission Agency Corp ($311k) and Jesus Set Me Free Ministry Inc ($311k).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 100% of the total. At year end it held assets of $656k against liabilities of $334k, net assets of $322k.