Believers Faith Outreach Ministries South Florida Inc

Analysis

Believers Faith Outreach Ministries South Florida Inc is a registered charity in United States, based in Tamarac, FL. It received its IRS tax-exemption ruling in August 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Believers Faith Outreach Ministries South Florida Inc reported income of $2.9m and spending of $3.0m, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $1.6m to $2.9m (+79%), an average of +78% a year. The sharpest change came in the year to December 2023, when income rose by 79%. Over the whole period it spent 99% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Believers Faith Outreach Ministries South Florida Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within FL. Charities of a similar size with the same main cause include Annette Capps Ministries Inc ($2.9m), Educational Opportunities Inc ($2.9m) and First Baptist Church Scripture Publishing Ministery Inc ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 1.2% of the total. Other salaries and wages came to $275k. At year end it held assets of $912k against liabilities of $0, net assets of $912k.