Bud Ministries Inc

Analysis

Bud Ministries Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in February 2019, 7 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, Bud Ministries Inc reported income of $298k and spending of $292k, spending 98% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $228k to $298k (+30%), an average of +9.2% a year. The sharpest change came in the year to December 2022, when income rose by 53%. Over the whole period it spent 80% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Bud Ministries Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 63rd percentile within TN. Charities of a similar size with the same main cause include Arukah ($298k), Ministerios Emmanuel Inc ($298k) and Hyde Park Baptist Foundation ($298k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 107% of the total. Compensation of current officers, directors and key employees was $88k (30% of expenses). Other salaries and wages came to $84k. At year end it held assets of $288k against liabilities of $0, net assets of $288k. It reported 4 employees.