CBM Ministries

Analysis

CBM Ministries is a registered charity in United States, based in Raleigh, NC. 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 December 2023, CBM Ministries reported income of $2.7m and spending of $2.5m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.7m to $2.7m (-0.5%), an average of -0.1% a year. The sharpest change came in the year to December 2021, when income rose by 26%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, CBM Ministries 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 88th percentile, and in the 89th percentile within NC. Charities of a similar size with the same main cause include George Daly Housing Development Fund Company Inc ($2.7m), Creative Learning Preschool Inc ($2.7m) and Rural Innovations in Social Economics Inc ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $93k (3.8% of expenses). Other salaries and wages came to $988k. At year end it held assets of $9.9m against liabilities of $622k, net assets of $9.2m. It reported 211 employees.