Catholic Biblical School of Michigan Ltd

Analysis

Catholic Biblical School of Michigan Ltd is a registered charity in United States, based in Warren, MI. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a church under section 501(c)(3).

In the financial year ending December 2023, Catholic Biblical School of Michigan Ltd reported income of $361k and spending of $315k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $237k to $361k (+52%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Catholic Biblical School of Michigan Ltd sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within MI. Charities of a similar size with the same main cause include Queens Power Inc ($361k), The Peninsula Figure Skating Club Inc ($361k) and Knox Pregnancy Services Incorporated ($361k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $106k (34% of expenses). Other salaries and wages came to $137k. At year end it held assets of $174k against liabilities of $1,648, net assets of $172k. It reported 5 employees.