CBM Ministries

Analysis

CBM Ministries is a registered charity in United States, based in Mentone, 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 $840k and spending of $800k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $585k to $840k (+44%), an average of +9.5% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 99% 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 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 AL. Charities of a similar size with the same main cause include Catholic Broadcasting Northwest Inc ($840k), Oasis Ministries ($840k) and Lakewood Torah School Inc ($838k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $85k (11% of expenses). Other salaries and wages came to $248k. At year end it held assets of $401k against liabilities of $0, net assets of $401k. It reported 20 employees.