The Book of Mormon Foundation

Analysis

The Book of Mormon Foundation is a registered charity in United States, based in Independence, MO. It received its IRS tax-exemption ruling in January 1981, 45 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, The Book of Mormon Foundation reported income of $134k and spending of $225k, spending 168% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $293k to $134k (-54%), an average of -18% a year. The sharpest change came in the year to December 2020, when income dropped by 57%. Over the whole period it spent 101% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, The Book of Mormon Foundation 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 44th percentile, and in the 42nd percentile within MO. Charities of a similar size with the same main cause include Hour of Harvest Inc ($134k), Camp Iron Bluffs ($134k) and Child Evangelism Fellowship Inc ($134k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 0.6% of the total. Other salaries and wages came to $70k. At year end it held assets of $513k against liabilities of $2,297, net assets of $511k. It reported 5 employees.