American Bible Society

Analysis

American Bible Society is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in February 1931, 95 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 2023, American Bible Society reported income of $108.9m and spending of $96.7m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $91.9m to $108.9m (+18%), an average of +4.3% a year. Over the whole period it spent 104% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, American Bible Society sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within PA. Charities of a similar size with the same main cause include Trinity Broadcasting of Texas Inc ($105.3m), Turning Point for God ($109.7m) and Intervarsity Christian Fellowship- USA ($104.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 40% of the total. Compensation of current officers, directors and key employees was $2.5m (2.5% of expenses). Other salaries and wages came to $16.2m. It paid $1.8m in professional fundraising fees. At year end it held assets of $769.5m against liabilities of $108.5m, net assets of $661.0m. It reported 355 employees.