Beverly Smith Ministries

Analysis

Beverly Smith Ministries is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in May 1996, 30 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, Beverly Smith Ministries reported income of $135k and spending of $138k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $113k to $135k (+20%), an average of +4.6% a year. The sharpest change came in the year to December 2021, when income dropped by 100%. 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, Beverly Smith Ministries sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 42nd percentile within NC. Charities of a similar size with the same main cause include Iglesia Evangelica Gerizim Inc ($135k), Boggs Family Ministries Inc ($135k) and Edify Love ($135k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.7% of the total. At year end it held assets of $123k against liabilities of $53k, net assets of $70k.