Byron Community Ministries Inc

Analysis

Byron Community Ministries Inc is a registered charity in United States, based in Byron Center, MI. It received its IRS tax-exemption ruling in April 1997, 29 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 December 2023, Byron Community Ministries Inc reported income of $158k and spending of $166k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $136k to $158k (+16%), an average of +3.8% a year. The sharpest change came in the year to December 2020, when income rose by 29%. Over the whole period it spent 95% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Byron Community Ministries Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 48th percentile within MI. Charities of a similar size with the same main cause include Monarch Diamond Club ($158k), American Charitable Trust Inc ($158k) and Triangle Oktoberfest Rotary Foundation ($158k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 6.2% of the total. Compensation of current officers, directors and key employees was $38k (23% of expenses). Other salaries and wages came to $30k. At year end it held assets of $613k against liabilities of $0, net assets of $613k. It reported 3 employees.