David Bibey Ministries Inc

Analysis

David Bibey Ministries Inc is a registered charity in United States, based in Carthage, NC. It received its IRS tax-exemption ruling in April 1992, 34 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 2023, David Bibey Ministries Inc reported income of $213k and spending of $217k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $304k to $213k (-30%), an average of -8.5% a year. Over the whole period it spent 99% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, David Bibey Ministries Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within NC. Charities of a similar size with the same main cause include Kindred Life Ministries Inc ($213k), Mat Son Buddhist Temple Inc ($213k) and Just a Preacher Ministries Inc ($213k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $29k (14% of expenses). Other salaries and wages came to $29k. At year end it held assets of $22k against liabilities of $1,530, net assets of $20k.