Flood Bakersfield Ministries Inc

Analysis

Flood Bakersfield Ministries Inc is a registered charity in United States, based in Bakersfield, CA. It received its IRS tax-exemption ruling in March 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Flood Bakersfield Ministries Inc reported income of $4.6m and spending of $4.3m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $4.6m (+264%), an average of +38% a year. The sharpest change came in the year to December 2020, when income rose by 82%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Flood Bakersfield Ministries Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Ikan Incorporated ($4.6m), District IV Human Resources Development Council ($4.6m) and Hilltop Home Inc ($4.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $161k (3.7% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $715k against liabilities of $268k, net assets of $446k. It reported 86 employees.