Book of Mormon Central

Analysis

Book of Mormon Central is a registered charity in United States, based in American Fork, UT. It received its IRS tax-exemption ruling in February 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Book of Mormon Central reported income of $5.4m and spending of $5.9m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $5.4m (+248%), an average of +37% a year. The sharpest change came in the year to December 2022, when income rose by 85%. Over the whole period it spent 86% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Book of Mormon Central sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within UT. Charities of a similar size with the same main cause include United States Catholic Conference ($5.4m), New Destiny Treatment Center Inc ($5.4m) and Encounter Ministry Inc ($5.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $3.4m. At year end it held assets of $5.1m against liabilities of $377k, net assets of $4.7m.