Believes Ministries

Analysis

Believes Ministries is a registered charity in United States, based in Santa Rsa BCH, FL. It received its IRS tax-exemption ruling in May 2014, 12 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, Believes Ministries reported income of $712k and spending of $722k, spending 101% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $377k to $712k (+89%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 112%. Over the whole period it spent 100% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Believes Ministries sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within FL. Charities of a similar size with the same main cause include Watershed Charlotte Inc ($711k), 2nd Mile Missions ($712k) and World Missions Alliance ($710k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 93% of the total. Compensation of current officers, directors and key employees was $79k (11% of expenses). Other salaries and wages came to $164k. At year end it held assets of $101k against liabilities of $3,883, net assets of $97k. It reported 2 employees.