Chicago Bible Institute

Analysis

Chicago Bible Institute is a registered charity in United States, based in Arlington HTS, IL. It received its IRS tax-exemption ruling in December 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Chicago Bible Institute reported income of $66k and spending of $57k, spending 87% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $60k to $66k (+10%), an average of +2.5% a year. The sharpest change came in the year to June 2021, when income rose by 38%. Over the whole period it spent 70% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Chicago Bible Institute sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 27th percentile within IL. Charities of a similar size with the same main cause include Papillion Area Lions Foundation Inc ($66k), Alliance for Education Inc ($66k) and Bozeman Meadowlark Parent Advisory Council ($66k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $37k (64% of expenses). At year end it held assets of $162k against liabilities of $0, net assets of $162k. It reported 2 employees.