Bill Glass Ministries

Analysis

Bill Glass Ministries is a registered charity in United States, based in Duncanville, TX. It received its IRS tax-exemption ruling in June 1998, 28 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, Bill Glass Ministries reported income of $1.7m and spending of $2.1m, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.7m to $1.7m (-35%), an average of -10% a year. The sharpest change came in the year to December 2020, when income dropped by 35%. 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, Bill Glass Ministries sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include Sky Ranch at Ute Trail Inc ($1.7m), Restoration Word Ministries Inc ($1.7m) and India Heritage Foundation ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $140k (6.6% of expenses). Other salaries and wages came to $869k. At year end it held assets of $1.8m against liabilities of $86k, net assets of $1.7m. It reported 21 employees.