Eternity Bible College

Analysis

Eternity Bible College is a registered charity in United States, based in Simi Valley, CA. It received its IRS tax-exemption ruling in August 2014, 12 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 2022, Eternity Bible College reported income of $1.1m and spending of $963k, spending 87% of its income. Across the 3 years on record, from June 2020 to June 2022, income grew from $1.1m to $1.1m (+3.8%), an average of +1.9% a year. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Eternity Bible College sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include LGBT Community Center Coalition of Central Pa ($1.1m), Rubys Rainbow Inc ($1.1m) and Edmond Public Schools Foundation Inc ($1.1m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 16% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $111k (11% of expenses). Other salaries and wages came to $466k. At year end it held assets of $412k against liabilities of $107k, net assets of $305k. It reported 14 employees.