Bahamas Faith Ministries International Inc

Analysis

Bahamas Faith Ministries International Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in August 1993, 33 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Bahamas Faith Ministries International Inc reported income of $439k and spending of $425k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $405k to $439k (+8.5%), an average of +2.1% a year. The sharpest change came in the year to December 2021, when income rose by 59%. Over the whole period it spent 100% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Bahamas Faith Ministries International Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 71st percentile within FL. Charities of a similar size with the same main cause include Zoe Childrens Tribe Ministries ($439k), Transformation Life Center ($439k) and Oasis Outreach Opportunity Inc ($439k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $40k against liabilities of $0, net assets of $40k.