CBM Ministries of MD

Analysis

CBM Ministries of MD is a registered charity in United States, based in Upperco, MD. It received its IRS tax-exemption ruling in May 1982, 44 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, CBM Ministries of MD reported income of $83k and spending of $98k, spending 118% of what it took in. Across the 3 years on record, from August 2020 to August 2023, income grew from $59k to $83k (+40%), an average of +18% a year. The sharpest change came in the year to August 2023, when income rose by 31%. Over the whole period it spent 118% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, CBM Ministries of MD sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 33rd percentile within MD. Charities of a similar size with the same main cause include United Way of Boone County Inc ($83k), Boys and Girls Club of Mission Inc ($83k) and Islesboro Historical Society ($83k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $26k against liabilities of $1,574, net assets of $24k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.