Maranatha Bible and Missionary Conference Inc

Analysis

Maranatha Bible and Missionary Conference Inc is a registered charity in United States, based in Muskegon, MI. It received its IRS tax-exemption ruling in September 1945, 81 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Maranatha Bible and Missionary Conference Inc reported income of $6.2m and spending of $5.3m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.0m to $6.2m (+53%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 33%. Over the whole period it spent 78% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Maranatha Bible and Missionary Conference Inc 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 MI. Charities of a similar size with the same main cause include Living Waters Publications ($6.2m), Voice of Prophecy ($6.2m) and Troy Brewer Charitable Network ($6.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $160k (3.0% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $17.4m against liabilities of $1.1m, net assets of $16.3m. It reported 251 employees.