RBM Ministries Inc

Analysis

RBM Ministries Inc is a registered charity in United States, based in Plainwell, MI. It received its IRS tax-exemption ruling in December 1943, 83 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, RBM Ministries Inc reported income of $970k and spending of $1.1m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $970k (-15%), an average of -4.0% a year. The sharpest change came in the year to December 2022, when income dropped by 33%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, RBM Ministries Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within MI. Charities of a similar size with the same main cause include Comanche County Memorial Hospital Foundation Inc ($970k), Pennsylvania Mental Health Consumers Association ($970k) and Spartanburg Philharmonic ($970k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $74k (6.8% of expenses). Other salaries and wages came to $717k. At year end it held assets of $1.4m against liabilities of $9,110, net assets of $1.4m. It reported 20 employees.