Audiobook Ministries

Analysis

Audiobook Ministries is a registered charity in United States, based in Seatac, WA. It received its IRS tax-exemption ruling in October 1993, 33 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Audiobook Ministries reported income of $106k and spending of $99k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $443k to $106k (-76%), an average of -76% a year. The sharpest change came in the year to December 2023, when income dropped by 76%. Over the whole period it spent 33% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Audiobook Ministries sits at the 41st percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 34th percentile within WA. Charities of a similar size with the same main cause include Torrance High School Band Boosters ($106k), Jahma Foundation Inc ($106k) and Bound Together ($106k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $341k against liabilities of $0, net assets of $341k.