Bride Ministries Inc

Analysis

Bride Ministries Inc is a registered charity in United States, based in Katy, TX. It received its IRS tax-exemption ruling in August 2021, 5 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2019, Bride Ministries Inc reported income of $600k and spending of $452k, leaving 25% of income unspent that year. Across the 3 years on record, from December 2016 to December 2019, income grew from $260k to $600k (+131%), an average of +52% a year. The sharpest change came in the year to December 2019, when income rose by 71%. Over the whole period it spent 77% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Bride Ministries Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within TX. Charities of a similar size with the same main cause include Friends Home Association of New York ($599k), Assembly of Muslim Jurists in North America & Europe Inc ($600k) and Bluewater Covenant Bible Camp ($599k).

On its Form 990 for the period ending December 2019, revenue came from contributions and grants 86% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $104k (23% of expenses). Other salaries and wages came to $15k. At year end it held assets of $314k against liabilities of $1,171, net assets of $313k.