Business & Ministry Initiatives LLC

Analysis

Business & Ministry Initiatives LLC is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Business & Ministry Initiatives LLC reported income of $138k and spending of $106k, leaving 23% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $76k to $138k (+82%), an average of +35% a year. The sharpest change came in the year to December 2023, when income rose by 94%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Business & Ministry Initiatives LLC sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within KY. Charities of a similar size with the same main cause include Pembroke College Foundation Inc ($138k), Friends of Amundsen ($138k) and Chien Kuo High School Alumni Association of Southern California ($138k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 41% of the total. At year end it held assets of $43k against liabilities of $0, net assets of $43k.