Bishop Joseph Ministries International

Analysis

Bishop Joseph Ministries International is a registered charity in United States, based in Rapid City, SD. It received its IRS tax-exemption ruling in March 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Bishop Joseph Ministries International reported income of $90k and spending of $87k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $76k to $90k (+19%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bishop Joseph Ministries International sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 29th percentile within SD. Charities of a similar size with the same main cause include Orchard Place Housing Corporation ($90k), Transformations Thrift Store ($90k) and Ida C Koran Foundation ($90k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $42k (48% of expenses). At year end it held assets of $21k against liabilities of $21k, net assets of $0.