CBM Ministries

Analysis

CBM Ministries is a registered charity in United States, based in Samson, AL. It received its IRS tax-exemption ruling in May 1982, 44 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 $1.3m and spending of $971k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.3m (+17%), an average of +4.0% a year. The sharpest change came in the year to December 2021, when income rose by 35%. Over the whole period it spent 75% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, CBM Ministries sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 86th percentile within AL. Charities of a similar size with the same main cause include Overseas Campus Ministries Inc ($1.3m), Servant Life Missions Inc ($1.3m) and Bluesky Global Ministries Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $66k (6.8% of expenses). Other salaries and wages came to $332k. At year end it held assets of $2.2m against liabilities of $2,821, net assets of $2.2m. It reported 75 employees.