Calvary Bible Institute Inc

Analysis

Calvary Bible Institute Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in October 2007, 19 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2024, Calvary Bible Institute Inc reported income of $329k and spending of $327k, spending 100% of its income. Across the 6 years on record, from July 2019 to July 2024, income grew from $274k to $329k (+20%), an average of +3.7% a year. The sharpest change came in the year to July 2024, when income rose by 180%. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Calvary Bible Institute Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 37th percentile within DC. Charities of a similar size with the same main cause include North American Church and Gospel Halls Assistance Fund ($329k), Knowman Learning Academy ($329k) and Today Ministries ($329k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 95% and program service revenue 5.4% of the total. Compensation of current officers, directors and key employees was $88k (27% of expenses). Other salaries and wages came to $100k. At year end it held assets of $6,570 against liabilities of $0, net assets of $6,570. It reported 3 employees.