Buddy and Sara Gibson Ministry

Analysis

Buddy and Sara Gibson Ministry is a registered charity in United States, based in Meridian, MS. It received its IRS tax-exemption ruling in December 1980, 46 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 August 2024, Buddy and Sara Gibson Ministry reported income of $171k and spending of $41k, leaving 76% of income unspent that year. Across the 2 years on record, from August 2023 to August 2024, income fell from $229k to $171k (-26%), an average of -26% a year. The sharpest change came in the year to August 2024, when income dropped by 26%. Over the whole period it spent 32% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Buddy and Sara Gibson Ministry sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 52nd percentile within MS. Charities of a similar size with the same main cause include Drum Corps Assoc ($171k), Grant County Historical Society ($171k) and Stevens County Fair Association Inc ($171k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $304k against liabilities of $0, net assets of $304k.