Berean Ministries Inc

Analysis

Berean Ministries Inc is a registered charity in United States, based in Clovis, CA. It received its IRS tax-exemption ruling in January 2022, 4 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, Berean Ministries Inc reported income of $65k and spending of $90k, spending 137% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $127k to $65k (-49%), an average of -49% a year. The sharpest change came in the year to December 2023, when income dropped by 49%. Over the whole period it spent 106% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Berean Ministries Inc sits at the 29th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 28th percentile within CA. Charities of a similar size with the same main cause include Missionary Enterprises Inc ($65k), Latin America Ministries Board Inc ($65k) and Eagle Fire Breakthrough Ministries ($65k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $43k against liabilities of $0, net assets of $43k.