Biblical Restoration Ministries Inc

Analysis

Biblical Restoration Ministries Inc is a registered charity in United States, based in Sioux City, IA. It received its IRS tax-exemption ruling in November 2006, 20 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Biblical Restoration Ministries Inc reported income of $131k and spending of $119k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $169k to $131k (-23%), an average of -6.2% a year. The sharpest change came in the year to December 2022, when income dropped by 39%. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Biblical Restoration Ministries Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 43rd percentile within IA. Charities of a similar size with the same main cause include Manos Con Alas Ministries ($131k), Survivors of Mental Illness Outreach ($131k) and Sweet Dreams Foundation ($131k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $65k (55% of expenses). Other salaries and wages came to $12k. At year end it held assets of $388k against liabilities of $2,906, net assets of $385k. It reported 2 employees.