Breaking Bonds Ministries

Analysis

Breaking Bonds Ministries is a registered charity in United States, based in Jonesboro, AR. It received its IRS tax-exemption ruling in March 2015, 11 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 2021, Breaking Bonds Ministries reported income of $687k and spending of $702k, spending 102% of its income. Across the 3 years on record, from December 2019 to December 2021, income fell from $703k to $687k (-2.3%), an average of -1.1% a year. The sharpest change came in the year to December 2020, when income rose by 48%. Over the whole period it spent 94% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Breaking Bonds 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 76th percentile within AR. Charities of a similar size with the same main cause include Mercy Gate Ministries ($687k), Southmore Foundation Inc ($687k) and Vine Outreach Ministries Inc ($687k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $130k (19% of expenses). Other salaries and wages came to $170k. At year end it held assets of $1.2m against liabilities of $795k, net assets of $424k. It reported 16 employees.