Billy Blackwood Ministries Inc

Analysis

Billy Blackwood Ministries Inc is a registered charity in United States, based in Goodlettsvlle, TN. It received its IRS tax-exemption ruling in November 1983, 43 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, Billy Blackwood Ministries Inc reported income of $110k and spending of $50k, leaving 54% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $22k to $110k (+397%), an average of +397% a year. The sharpest change came in the year to December 2023, when income rose by 397%. Over the whole period it spent 59% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Billy Blackwood Ministries Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 39th percentile within TN. Charities of a similar size with the same main cause include Rhode Island Watercolor Society ($110k), Environmental Educational Alliance Inc ($110k) and Ketchikan Youth Soccer League Inc ($110k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 60% of the total. At year end it held assets of $62k against liabilities of $0, net assets of $62k.