Church of Bible Understanding

Analysis

Church of Bible Understanding is a registered charity in United States, based in Scranton, PA. It received its IRS tax-exemption ruling in May 1975, 51 years ago. 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, Church of Bible Understanding reported income of $2.2m and spending of $2.5m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $2.2m (+13%), an average of +3.1% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 118% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Church of Bible Understanding sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 85th percentile within PA. Charities of a similar size with the same main cause include Historic Homes of Runnemede Inc ($2.2m), Variety the Childrens Charity ($2.2m) and Great Plains Veterans Services Center ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $25k (1.0% of expenses). Other salaries and wages came to $14k. At year end it held assets of $16.8m against liabilities of $28k, net assets of $16.7m. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.