A & B Ministries Inc

Analysis

A & B Ministries Inc is a registered charity in United States, based in Delray Beach, FL. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, A & B Ministries Inc reported income of $51k and spending of $46k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $67k to $51k (-23%), an average of -23% a year. The sharpest change came in the year to December 2023, when income dropped by 23%. Over the whole period it spent 71% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, A & B Ministries Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 23rd percentile within FL. Charities of a similar size with the same main cause include HWC Booster Club ($51k), Miami South BMX Inc ($51k) and Dekalb County Pal Plus ($51k).

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 $81k against liabilities of $5,642, net assets of $75k.