The Institute for Biblical and Scientific Studies

Analysis

The Institute for Biblical and Scientific Studies is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in April 1995, 31 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, The Institute for Biblical and Scientific Studies reported income of $55k and spending of $55k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $68k to $55k (-19%), an average of -19% a year. The sharpest change came in the year to December 2023, when income dropped by 19%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Institute for Biblical and Scientific Studies sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 20th percentile within PA. Charities of a similar size with the same main cause include Latin Art Organization of Arkansas ($55k), Police Emerald Society Bagpipe Band Nassau County Chapetr Ltd ($55k) and Garden Grove Historical Society ($55k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 12% of the total. At year end it held assets of $271k against liabilities of $0, net assets of $271k.