Bonnie Floyd Ministries

Analysis

Bonnie Floyd Ministries is a registered charity in United States, based in Celina, TX. It received its IRS tax-exemption ruling in June 2017, 9 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bonnie Floyd Ministries reported income of $316k and spending of $366k, spending 116% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $198k to $316k (+60%), an average of +17% a year. The sharpest change came in the year to December 2022, when income rose by 26%. Over the whole period it spent 111% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Bonnie Floyd Ministries sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 67th percentile within TX. Charities of a similar size with the same main cause include Christian Campus Fellowship at Uga Inc ($316k), Bridge of Hope Ministries ($317k) and Quan Am Temple of Buddhist Cultural Centre of Cleveland-Ohio ($316k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $60k (16% of expenses). At year end it held assets of $77k against liabilities of $104k, net assets of -$27k. It reported 1 employees.