Have we talked about yet how bad BSSM is doing financially?
I know we’ve heard their numbers are dropping but I thought I’d look up their actual financials. They operated at a 2.7 million dollar loss in fiscal year ending in 2025. There was a 2 million dollar forgiveness of debt from Bethel Church.
They made $705 thousand in revenue, a stark drop from the $5.78 million they made in revenue in 2024.
They also paid close to $100k to Ramsay Solutions (from Dave Ramsay) for marketing services.
I’m no tax accountant, anyone have any other insights into these documents?
Does the forgiveness of debt from Bethel just make it look worse than it is? It seems they received loans from Bethel in prior years.
Here is the website I’m working from: https://projects.propublica.org/nonprofits/organizations/823185702