Freeport Bible Center Inc

Analysis

Freeport Bible Center Inc is a registered charity in United States, based in Freeport, NY. It received its IRS tax-exemption ruling in October 1990, 36 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Freeport Bible Center Inc reported income of $3.5m and spending of $3.1m, spending 88% of its income. Across the 5 years on record, from December 2018 to December 2023, income grew from $2.1m to $3.5m (+71%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 28%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Freeport Bible Center Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Abc of Indiana Apprenticeship Trust ($3.5m), The Tony Robbins Foundation ($3.5m) and Nashville Entrepreneur Center ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $112k (3.6% of expenses). Other salaries and wages came to $8,500. At year end it held assets of $4.8m against liabilities of $152k, net assets of $4.6m.