CBM Ministries Inc

Analysis

CBM Ministries Inc is a registered charity in United States, based in Greencastle, PA. It received its IRS tax-exemption ruling in January 1977, 49 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, CBM Ministries Inc reported income of $3.1m and spending of $2.6m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.6m to $3.1m (+18%), an average of +4.3% a year. The sharpest change came in the year to December 2021, when income rose by 50%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, CBM Ministries Inc sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within PA. Charities of a similar size with the same main cause include Boys & Girls Club of Lancaster ($3.1m), Hastings Catholic Schools Foundation ($3.1m) and Midnight Call Inc ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $235k (9.2% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $6.7m against liabilities of $266k, net assets of $6.5m. It reported 233 employees.