Ricardo a Bonfim Ministries Inc

Analysis

Ricardo a Bonfim Ministries Inc is a registered charity in United States, based in Athens, GA. It received its IRS tax-exemption ruling in January 1988, 38 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, Ricardo a Bonfim Ministries Inc reported income of $851k and spending of $867k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $851k (-21%), an average of -5.8% a year. The sharpest change came in the year to December 2021, when income rose by 37%. Over the whole period it spent 97% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Ricardo a Bonfim Ministries Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within GA. Charities of a similar size with the same main cause include Heartland Christian College ($850k), Generation Joshua Ministries ($851k) and Bishop Gray Retirement Foundation Inc ($850k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $57k (6.5% of expenses). Other salaries and wages came to $25k. At year end it held assets of $374k against liabilities of $63k, net assets of $310k. It reported 3 employees.