Bondage Breakers Outreach Ministries Inc

Analysis

Bondage Breakers Outreach Ministries Inc is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in March 2024, 2 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Bondage Breakers Outreach Ministries Inc reported income of $733k and spending of $644k, spending 88% of its income. Across the 2 years on record, from December 2020 to December 2023, income grew from $411k to $733k (+78%), an average of +78% a year. The sharpest change came in the year to December 2023, when income rose by 78%. Over the whole period it spent 79% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Bondage Breakers Outreach Ministries Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within NC. Charities of a similar size with the same main cause include American Orthodontic Society Inc ($733k), Duncan Regional Hospital Health Foundation ($734k) and Chinese Community Health Resourcecenter ($733k).

Compensation of current officers, directors and key employees was $18k (2.8% of expenses). At year end it held assets of $390k against liabilities of $0, net assets of $390k. It reported 1 employees.