Bay Area School of Ministry Inc

Analysis

Bay Area School of Ministry Inc is a registered charity in United States, based in San Carlos, CA. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Bay Area School of Ministry Inc reported income of $198k and spending of $241k, spending 122% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income fell from $414k to $198k (-52%), an average of -31% a year. The sharpest change came in the year to June 2024, when income dropped by 55%. Over the whole period it spent 62% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Bay Area School of Ministry Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 56th percentile within CA. Charities of a similar size with the same main cause include Jame Masjid Inc ($198k), Spiritus Ministries Northwest ($198k) and Greater Grace Ministires of Liberia ($198k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 97% of the total. At year end it held assets of $462k against liabilities of $2,200, net assets of $460k.