CBM Ministries

Analysis

CBM Ministries is a registered charity in United States, based in Watauga, TN. 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 $494k and spending of $424k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $358k to $494k (+38%), an average of +8.4% a year. The sharpest change came in the year to December 2021, when income rose by 98%. Over the whole period it spent 83% 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 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within TN. Charities of a similar size with the same main cause include Pat Cairo Family Foundation Inc ($494k), Happy Tails Inc ($494k) and Kenilworth-Winnetka Baseball Association Inc ($494k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 71% of the total. Other salaries and wages came to $30k. At year end it held assets of $963k against liabilities of $4,646, net assets of $959k. It reported 21 employees.