Lancaster Bible College

Analysis

Lancaster Bible College is a registered charity in United States, based in Lancaster, PA. It received its IRS tax-exemption ruling in June 1960, 66 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 2023, Lancaster Bible College reported income of $45.7m and spending of $47.3m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $42.1m to $45.7m (+8.5%), an average of +2.1% a year. The sharpest change came in the year to June 2021, when income rose by 22%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lancaster Bible College sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within PA. Charities of a similar size with the same main cause include Dana Hall Schools ($45.6m), Hillcrest Educational Centers Inc ($45.7m) and Hispanic Scholarship Fund ($45.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $409k (0.9% of expenses). Other salaries and wages came to $17.7m. At year end it held assets of $93.8m against liabilities of $36.4m, net assets of $57.5m. It reported 948 employees.