Biblical Archaeology Society

Analysis

Biblical Archaeology Society is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in November 1974, 52 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 2023, Biblical Archaeology Society reported income of $3.3m and spending of $2.4m, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.0m to $3.3m (+7.4%), an average of +1.8% a year. The sharpest change came in the year to December 2020, when income dropped by 24%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Biblical Archaeology Society sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 74th percentile within DC. Charities of a similar size with the same main cause include Iowa Ffa Foundation ($3.3m), Christian Law Association ($3.3m) and Agape Unlimited ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $230k (9.4% of expenses). Other salaries and wages came to $515k. At year end it held assets of $1.5m against liabilities of $3.0m, net assets of -$1.5m. It reported 15 employees.