Balm in Gilead Family Counseling Ministries Incorporated

Analysis

Balm in Gilead Family Counseling Ministries Incorporated is a registered charity in United States, based in Fayetteville, NC. It received its IRS tax-exemption ruling in September 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, Balm in Gilead Family Counseling Ministries Incorporated reported income of $365k and spending of $332k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $221k to $365k (+65%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 42%. Over the whole period it spent 100% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Balm in Gilead Family Counseling Ministries Incorporated sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within NC. Charities of a similar size with the same main cause include Sudan Evangelical Alliance Partners ($365k), Alrisala Forum International Inc ($365k) and Y W a M Metro Inc ($365k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $62k (19% of expenses). At year end it held assets of $50k against liabilities of $0, net assets of $50k. It reported 1 employees.