Believers Stewardship Services Inc

Analysis

Believers Stewardship Services Inc is a registered charity in United States, based in Dubuque, IA. It received its IRS tax-exemption ruling in October 2001, 25 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, Believers Stewardship Services Inc reported income of $11.7m and spending of $4.5m, leaving 62% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.2m to $11.7m (+127%), an average of +23% a year. The sharpest change came in the year to June 2023, when income rose by 117%. Over the whole period it spent 80% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Believers Stewardship Services Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within IA. Charities of a similar size with the same main cause include Swim Across America Inc ($11.7m), Illinois Assistive Technology Program ($11.7m) and Homebase ($11.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% of the total. Compensation of current officers, directors and key employees was $134k (3.0% of expenses). Other salaries and wages came to $305k. At year end it held assets of $22.6m against liabilities of $4.0m, net assets of $18.6m. It reported 8 employees.