Bible Seminary

Analysis

Bible Seminary is a registered charity in United States, based in Katy, TX. It received its IRS tax-exemption ruling in August 2010, 16 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 May 2024, Bible Seminary reported income of $1.1m and spending of $995k, spending 94% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $876k to $1.1m (+21%), an average of +4.9% a year. The sharpest change came in the year to May 2023, when income rose by 46%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bible Seminary sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within TX. Charities of a similar size with the same main cause include Altiora Fund ($1.1m), Hovland Conservatory of Music ($1.1m) and Providence Christian Academy ($1.1m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 82% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $154k (16% of expenses). Other salaries and wages came to $587k. At year end it held assets of $472k against liabilities of $158k, net assets of $314k. It reported 9 employees.