Benaiah Ministries Group Inc

Analysis

Benaiah Ministries Group Inc is a registered charity in United States, based in Louisville, GA. It received its IRS tax-exemption ruling in August 2020, 6 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Benaiah Ministries Group Inc reported income of $92k and spending of $94k, spending 102% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $342k to $92k (-73%), an average of -35% a year. The sharpest change came in the year to December 2022, when income dropped by 57%. Over the whole period it spent 46% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Benaiah Ministries Group Inc sits at the 31st percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 36th percentile within GA. Charities of a similar size with the same main cause include North Carolina Quarter Midget Association ($92k), Dallas Wings Community Foundation ($92k) and Shelby Foundation Inc ($92k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 55% of the total. At year end it held assets of $416k against liabilities of $4,497, net assets of $412k.