Bible Pathway Ministries

Analysis

Bible Pathway Ministries is a registered charity in United States, based in Murfreesboro, TN. It received its IRS tax-exemption ruling in August 1977, 49 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 2023, Bible Pathway Ministries reported income of $507k and spending of $540k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $397k to $507k (+28%), an average of +6.3% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bible Pathway Ministries sits at the 69th percentile: it is larger than about 69% 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 Foster Avenue Apartments ($507k), Florham Park Memorial First Aid Squad Inc ($507k) and Virginia Institute of Pastoral Care Inc ($507k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $67k (12% of expenses). Other salaries and wages came to $172k. At year end it held assets of $281k against liabilities of $3,905, net assets of $277k. It reported 7 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.