Brightmoor Christian Church Endowment Fund

Analysis

Brightmoor Christian Church Endowment Fund is a registered charity in United States, based in Novi, MI. It received its IRS tax-exemption ruling in October 2020, 6 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Brightmoor Christian Church Endowment Fund reported income of $1.7m and spending of $1.5m, spending 88% of its income. Across the 3 years on record, from August 2021 to August 2023, income grew from $1.5m to $1.7m (+14%), an average of +7.0% a year. The sharpest change came in the year to August 2022, when income rose by 22%. Over the whole period it spent 85% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Brightmoor Christian Church Endowment Fund sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within MI. Charities of a similar size with the same main cause include Cutting Edge International Inc ($1.7m), Lost Lamb Evangelistic Association ($1.7m) and Friendship Circle of Cleveland Inc ($1.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $766k against liabilities of $5,698, net assets of $761k.