Bungoma Bible Ministries

Analysis

Bungoma Bible Ministries is a registered charity in United States, based in Glenwood SPGS, CO. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Bungoma Bible Ministries reported income of $164k and spending of $135k, spending 83% of its income. Across the 3 years on record, from December 2019 to December 2023, income fell from $218k to $164k (-25%), an average of -13% a year. The sharpest change came in the year to December 2022, when income dropped by 43%. Over the whole period it spent 69% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bungoma Bible Ministries sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 46th percentile within CO. Charities of a similar size with the same main cause include Tulgey Wood Inc ($164k), Kids Et Cetera Day Care Center Inc ($164k) and Hope Center ($164k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $213k against liabilities of $0, net assets of $213k.