Southeastern Free Will Baptist Bible College Inc

Analysis

Southeastern Free Will Baptist Bible College Inc is a registered charity in United States, based in Wendell, NC. It received its IRS tax-exemption ruling in February 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Southeastern Free Will Baptist Bible College Inc reported income of $2.4m and spending of $2.3m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $2.4m (+24%), an average of +5.5% a year. The sharpest change came in the year to June 2022, when income rose by 17%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Southeastern Free Will Baptist Bible College Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within NC. Charities of a similar size with the same main cause include New Vistas School of Central Virginia Inc ($2.4m), Fuente Nueva Charter School ($2.4m) and Black River Career Prep High School ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 45% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $52k (2.3% of expenses). Other salaries and wages came to $936k. At year end it held assets of $2.1m against liabilities of $173k, net assets of $1.9m. It reported 81 employees.