Morton Bustard Ministries Inc

Analysis

Morton Bustard Ministries Inc is a registered charity in United States, based in Alexandria, LA. It received its IRS tax-exemption ruling in February 2003, 23 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Morton Bustard Ministries Inc reported income of $254k and spending of $189k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $213k to $254k (+19%), an average of +4.5% a year. The sharpest change came in the year to December 2022, when income rose by 33%. Over the whole period it spent 73% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Morton Bustard Ministries Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within LA. Charities of a similar size with the same main cause include 1billionorg ($254k), Iglesia Pentecostal El Tabernaculo de Reunion Inc ($254k) and Pool of Siloam ($254k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $28k (15% of expenses). Other salaries and wages came to $15k. At year end it held assets of $749k against liabilities of $73k, net assets of $676k. It reported 2 employees.