Phillip Baker Ministries

Analysis

Phillip Baker Ministries is a registered charity in United States, based in Dickinson, TX. It received its IRS tax-exemption ruling in March 2004, 22 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, Phillip Baker Ministries reported income of $342k and spending of $293k, spending 86% of its income. Across the 4 years on record, from June 2021 to December 2023, income grew from $261k to $342k (+31%), an average of +9.3% a year. The sharpest change came in the year to December 2022, when income rose by 93%. Over the whole period it spent 90% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Phillip Baker Ministries sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 68th percentile within TX. Charities of a similar size with the same main cause include American International Buddhistic Union Xuan Zang Meditation Monaste ($342k), Bradenton Dream Center Inc ($342k) and Vision Ohio ($341k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $135k (46% of expenses). Other salaries and wages came to $12k. At year end it held assets of $145k against liabilities of $7,696, net assets of $138k. It reported 2 employees.