Bible Ministry Foundation Inc of USA

Analysis

Bible Ministry Foundation Inc of USA is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in August 1993, 33 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bible Ministry Foundation Inc of USA reported income of $231k and spending of $87k, leaving 62% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $91k to $231k (+153%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 334%. Over the whole period it spent 63% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bible Ministry Foundation Inc of USA sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within MD. Charities of a similar size with the same main cause include South Polk County Volunteer Fire Department and Ace Community Park ($231k), Western Ohio Japanese Language School ($231k) and Piedmont Christian Assembly Inc ($231k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% of the total. At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m.