Bold Venture Ministries Inc

Analysis

Bold Venture Ministries Inc is a registered charity in United States, based in Lagrange, GA. It received its IRS tax-exemption ruling in June 2016, 10 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 June 2024, Bold Venture Ministries Inc reported income of $637k and spending of $545k, spending 86% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $239k to $637k (+166%), an average of +28% a year. The sharpest change came in the year to June 2022, when income rose by 64%. Over the whole period it spent 85% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Bold Venture Ministries Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 77th percentile within GA. Charities of a similar size with the same main cause include Hamzah Islamic Center Inc ($637k), More International Ministries ($638k) and Real Life Network Hawaii Dba Kalo TV ($637k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 70% and program service revenue 30% of the total. At year end it held assets of $430k against liabilities of $0, net assets of $430k.