Bibles for Missionsthrift Centers

Analysis

Bibles for Missionsthrift Centers is a registered charity in United States, based in Grandville, MI. It received its IRS tax-exemption ruling in May 1993, 33 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Bibles for Missionsthrift Centers reported income of $7.4m and spending of $6.5m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.9m to $7.4m (+27%), an average of +6.1% a year. The sharpest change came in the year to December 2021, when income rose by 46%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bibles for Missionsthrift Centers sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within MI. Charities of a similar size with the same main cause include Benco ($7.4m), Blossom Hill Inc ($7.4m) and Southern Partners Fund Inc ($7.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.7% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $104k (1.6% of expenses). Other salaries and wages came to $102k. At year end it held assets of $10.7m against liabilities of $2.8m, net assets of $8.0m. It reported 4 employees.