Be Bold Street Ministries

Analysis

Be Bold Street Ministries is a registered charity in United States, based in Salem, OR. It received its IRS tax-exemption ruling in December 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Be Bold Street Ministries reported income of $247k and spending of $252k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $357k to $247k (-31%), an average of -8.8% a year. The sharpest change came in the year to December 2021, when income rose by 255%. Over the whole period it spent 97% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Be Bold Street Ministries sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within OR. Charities of a similar size with the same main cause include Elevate Dance Ministry Inc ($247k), Love Worth Sharing ($247k) and Chosen Vessels Incorporated ($247k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $73k (29% of expenses). At year end it held assets of $34k against liabilities of $0, net assets of $34k. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.