Spirit of Boldness Ministries

Analysis

Spirit of Boldness Ministries is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in March 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Spirit of Boldness Ministries reported income of $548k and spending of $488k, spending 89% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $1.6m to $548k (-65%), an average of -41% a year. The sharpest change came in the year to December 2022, when income dropped by 68%. Over the whole period it spent 48% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Spirit of Boldness Ministries sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within TX. Charities of a similar size with the same main cause include Sri Harihara Peetham ($548k), Men of Valor Academy ($548k) and Winnemucca Food Bank ($548k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.6% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $99k (20% of expenses). Other salaries and wages came to $113k. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m. It reported 9 employees.