CBM Ministries

Analysis

CBM Ministries is a registered charity in United States, based in Polk City, FL. 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 2022, CBM Ministries reported income of $817k and spending of $730k, spending 89% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $755k to $817k (+8.3%), an average of +2.7% a year. The sharpest change came in the year to December 2021, when income rose by 62%. Over the whole period it spent 92% 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 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within FL. Charities of a similar size with the same main cause include Hidden Falls Ranch ($817k), Say Soccer USA Soccer Association for Youth USA ($818k) and One More Wave Surf Corp ($817k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 53% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $20k (2.7% of expenses). Other salaries and wages came to $188k. At year end it held assets of $928k against liabilities of $68k, net assets of $860k. It reported 60 employees.