Discover the Book Ministries Inc

Analysis

Discover the Book Ministries Inc is a registered charity in United States, based in Owasso, OK. It received its IRS tax-exemption ruling in March 2000, 26 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, Discover the Book Ministries Inc reported income of $1.5m and spending of $830k, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $650k to $1.5m (+126%), an average of +23% a year. The sharpest change came in the year to December 2022, when income rose by 87%. Over the whole period it spent 51% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Discover the Book Ministries Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within OK. Charities of a similar size with the same main cause include The Oasis Initiative Foundation ($1.5m), Soul Shepherding Inc ($1.5m) and Sai Datta Mandir Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $263k (32% of expenses). Other salaries and wages came to $30k. At year end it held assets of $4.3m against liabilities of $31k, net assets of $4.3m. It reported 2 employees.