David E Boone Sr Ministries Inc

Analysis

David E Boone Sr Ministries Inc is a registered charity in United States, based in Texarkana, TX. It received its IRS tax-exemption ruling in November 2017, 9 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 June 2023, David E Boone Sr Ministries Inc reported income of $2.2m and spending of $2.0m, spending 89% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $1.4m to $2.2m (+62%), an average of +27% a year. The sharpest change came in the year to June 2022, when income rose by 36%. 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, David E Boone Sr Ministries Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include Youth Core Ministries Inc ($2.2m), China Harvest Inc ($2.2m) and Gathering Place Inc ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 69% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $84k (4.2% of expenses). Other salaries and wages came to $686k. At year end it held assets of $993k against liabilities of $0, net assets of $993k. It reported 66 employees.