Altoona Bible Institute

Analysis

Altoona Bible Institute is a registered charity in United States, based in Altoona, PA. It received its IRS tax-exemption ruling in April 1963, 63 years ago. 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 December 2023, Altoona Bible Institute reported income of $84k and spending of $52k, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $13k to $84k (+535%), an average of +59% a year. The sharpest change came in the year to December 2022, when income rose by 95%. Over the whole period it spent 130% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Altoona Bible Institute sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 30th percentile within PA. Charities of a similar size with the same main cause include Lee County Historical Society ($84k), Naperville Chorus ($84k) and Chicago Choral Artists ($84k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% of the total. Other salaries and wages came to $11k. At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m.