Ministerio Biblico Verbo Divino

Analysis

Ministerio Biblico Verbo Divino is a registered charity in United States, based in SN Bernrdno, CA. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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 June 2023, Ministerio Biblico Verbo Divino reported income of $1.3m and spending of $1.2m, spending 89% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.5m to $1.3m (-10%), an average of -3.6% a year. The sharpest change came in the year to June 2021, when income dropped by 31%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ministerio Biblico Verbo Divino sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include Plano Community Home Sponsor Inc ($1.3m), United Policyholders ($1.3m) and Beckley Raleigh County Conventioncenter Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $115k. At year end it held assets of $2.0m against liabilities of $79k, net assets of $1.9m. It reported 4 employees.