Reasons to Believe

Analysis

Reasons to Believe is a registered charity in United States, based in Covina, CA. It received its IRS tax-exemption ruling in March 1992, 34 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 June 2024, Reasons to Believe reported income of $5.6m and spending of $6.9m, spending 122% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $4.9m to $5.6m (+14%), an average of +3.3% a year. The sharpest change came in the year to June 2021, when income rose by 79%. Over the whole period it spent 102% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Reasons to Believe sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Clearshare Health ($5.6m), Live the Life Ministries Inc ($5.6m) and Speaking Spirit Ministriesinternational Inc ($5.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 89% and program service revenue 4.9% of the total. Compensation of current officers, directors and key employees was $753k (11% of expenses). Other salaries and wages came to $3.6m. It paid $199k in professional fundraising fees. At year end it held assets of $8.5m against liabilities of $369k, net assets of $8.2m. It reported 68 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.