Educates ministers and conducts religious outreach in Malawi's northern region.
For fiscal year 2024 it reported $247K in revenue, $279K in expenses, and $477K in net assets.Pt I
Where the money goes · FY2024
Total revenue
$247K
Pt VIII · Ln 12
Total expenses
$279K
Pt IX · Ln 25
Net assets
$477K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$32K
Where spending went · Part IX cols B–D
79%
13%
Program services $0.79 Management & general $0.13 Fundraising $0.08
Program efficiency
79%
of spending reaches programs
Operating runway
20.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
-13%
revenue over expenses, this year
Summary of the Filing
Part I · fiscal year 2024 · Form 990
Revenue
$247K
FY2024▲ +38%
$309K$155K$0
FY2020FY2025
Expenses
$279K
FY2024▲ +52%
$279K$139K$0
FY2020FY2025
Total assets
$477K
FY2024▲ +10%
$545K$272K$0
FY2020FY2025
Total liabilities
$0
FY2024
$1$0$0
FY2020FY2025
Total revenue
$247K
Pt VIII · Ln 12
Total expenses
$279K
Pt IX · Ln 25
Net assets
$477K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$32K
Total assetsPt X · Ln 16$477K
Program-expense ratioPt IX · col B79%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43
Mission & Programs · Part III
Where the work happens
3 program services account for $219K of program spending, described in the organization's own filed words · FY2024.
01
Operation and Staffing of Bethel Bible College (BBC) in Mzuzu, Malawi. In 2024, the Bible College enrolled 16 full-time students in addition to four full-time interns and 10 part-time students. New housing was added, as well as a heavy investment in campus security measures due to increased crime.
$102Kprogram expense
02
Operation and Staffing of Zola Zola Community Center in Malawi: Mbeya continued the operation and staffing of Zola Zola Community Center. We had four full-time Malawian staff living at the center and expanded our relationship and programs with Zola Zola Primary School.
$79Kprogram expense
03
Thekero Rural Youth Center. We continued the construction and development of the rural retreat/outreach center in Thekero. Retreats continued on the site while construction was ongoing. Four youth camps were held (quarterly) throughout 2024 during the school holidays for youths from the urban slums.
Matthew Herbst’s $83K as Chief Executive
is at the 73rd percentile of top reported officer pay among 1637 $100K–1M international nonprofits.
Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 1 named individual · Part VII
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
Individual Matthew Herbst · Reported title Chief Executive · Highest reported compensation $80K · Total expenses $279K
29%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $92K · Total expenses $279K
33%
Peer comparison
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
Metric
This org
Peer median
Percentile
Program ratio
79%
—
—
Overhead ratio
13%
—
—
Fundraising cost ratio
9%
—
—
Revenue growth
38%
—
—
Legal fee ratio
1%
—
—
Accounting fee ratio
1%
—
—
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
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Sources
Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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