Independent Baptist Mission for Asians Inc

Analysis

Independent Baptist Mission for Asians Inc is a registered charity in United States, based in Marietta, OH. It received its IRS tax-exemption ruling in June 2002, 24 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, Independent Baptist Mission for Asians Inc reported income of $10.3m and spending of $9.3m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.6m to $10.3m (+36%), an average of +7.9% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Independent Baptist Mission for Asians Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within OH. Charities of a similar size with the same main cause include Sower of Seeds International Ministries Inc ($10.3m), Tawonga Jewish Community Corporation ($10.3m) and Kentucky Baptist Assemblies Inc ($10.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.5% and program service revenue 98% of the total. Other salaries and wages came to $85k. At year end it held assets of $2.9m against liabilities of $1.2m, net assets of $1.7m.