Bible for Today Inc

Analysis

Bible for Today Inc is a registered charity in United States, based in Collingswood, NJ. It received its IRS tax-exemption ruling in September 1966, 60 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2021, Bible for Today Inc reported income of $170k and spending of $167k, spending 98% of its income. Across the 3 years on record, from December 2019 to December 2021, income fell from $286k to $170k (-40%), an average of -23% a year. The sharpest change came in the year to December 2021, when income dropped by 26%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bible for Today Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 57th percentile within NJ. Charities of a similar size with the same main cause include First Chinese School ($170k), Saint Louis Chamber Chorus ($170k) and New Vic Theatricals Inc ($170k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 48% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $21k (13% of expenses). Other salaries and wages came to $2,604. At year end it held assets of $33k against liabilities of $0, net assets of $33k. It reported 3 employees.