Believers Express Service Inc

Analysis

Believers Express Service Inc is a registered charity in United States, based in Lakewood RCH, FL. It received its IRS tax-exemption ruling in May 1987, 39 years ago. 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 2022, Believers Express Service Inc reported income of $163k and spending of $152k, spending 94% of its income. Across the 2 years on record, from December 2021 to December 2022, income fell from $225k to $163k (-28%), an average of -28% a year. The sharpest change came in the year to December 2022, when income dropped by 28%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Believers Express Service Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 53rd percentile within FL. Charities of a similar size with the same main cause include Bristol Historical and Preservation Society ($163k), The International Network of Resource Information Centers ($163k) and White Bear Sailing School ($163k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $1,968 against liabilities of $0, net assets of $1,968.