Daily Audio Bible

Analysis

Daily Audio Bible is a registered charity in United States, based in Spring Hill, TN. It received its IRS tax-exemption ruling in April 2010, 16 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Daily Audio Bible reported income of $3.4m and spending of $1.9m, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.6m to $3.4m (+29%), an average of +6.7% a year. The sharpest change came in the year to December 2021, when income rose by 27%. Over the whole period it spent 63% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Daily Audio Bible sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within TN. Charities of a similar size with the same main cause include Mid-Cities Pregnancy Care Inc ($3.4m), Chin Baptist Churches USA Inc ($3.4m) and Grace Press Inc ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 5.5% of the total. Other salaries and wages came to $474k. It paid $6,340 in professional fundraising fees. At year end it held assets of $8.3m against liabilities of $37k, net assets of $8.3m. It reported 7 employees.