The Society for Biblical Studies Inc

Analysis

The Society for Biblical Studies Inc is a registered charity in United States, based in Arlington, MA. It received its IRS tax-exemption ruling in October 1997, 29 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 June 2024, The Society for Biblical Studies Inc reported income of $349k and spending of $562k, spending 161% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $1.3m to $349k (-72%), an average of -23% a year. The sharpest change came in the year to June 2022, when income rose by 287%. Over the whole period it spent 116% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, The Society for Biblical Studies Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within MA. Charities of a similar size with the same main cause include Eidos Christian Center ($349k), Rainbow Missions ($349k) and Mark 12 Ministries Inc ($349k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $196k (35% of expenses). At year end it held assets of $308k against liabilities of $668k, net assets of -$360k. It reported 3 employees.