CBM Ministries

Analysis

CBM Ministries is a registered charity in United States, based in Fairmont, NC. It received its IRS tax-exemption ruling in February 1998, 28 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, CBM Ministries reported income of $320k and spending of $387k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $434k to $320k (-26%), an average of -7.3% a year. The sharpest change came in the year to December 2023, when income dropped by 47%. Over the whole period it spent 106% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, CBM Ministries sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 61st percentile within NC. Charities of a similar size with the same main cause include Levanta Ministries ($320k), Iglesia de Dios Camino de Santidad ($320k) and Thinking Through Faith ($320k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 86% of the total. Other salaries and wages came to $47k. At year end it held assets of $969k against liabilities of $60k, net assets of $909k. It reported 24 employees.