Jubal Band Ministries

Analysis

Jubal Band Ministries is a registered charity in United States, based in McKinney, TX. It received its IRS tax-exemption ruling in September 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, Jubal Band Ministries reported income of $1.3m and spending of $1.5m, spending 111% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $752k to $1.3m (+74%), an average of +32% a year. The sharpest change came in the year to December 2022, when income rose by 69%. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Jubal Band Ministries sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 86th percentile within TX. Charities of a similar size with the same main cause include Eugene E and Nell S Fincke Memorial Endowment Fund ($1.3m), Mid America Student Housing Inc ($1.3m) and Servant Life Missions Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $114k (7.8% of expenses). At year end it held assets of $79k against liabilities of $966, net assets of $78k. It reported 2 employees.