Bible Impact Ministries

Analysis

Bible Impact Ministries is a registered charity in United States, based in Saint James, MO. It received its IRS tax-exemption ruling in October 1946, 80 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bible Impact Ministries reported income of $745k and spending of $542k, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $395k to $745k (+89%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 31%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bible Impact Ministries sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 73rd percentile within MO. Charities of a similar size with the same main cause include Florida Dental Association Foundation Inc ($745k), Grace International Churches and Ministries Inc ($746k) and Day Caring Preschool ($745k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $93k (17% of expenses). Other salaries and wages came to $110k. At year end it held assets of $646k against liabilities of $4,209, net assets of $641k. It reported 14 employees.