Bibles for China Inc

Analysis

Bibles for China Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in March 2012, 14 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bibles for China Inc reported income of $492k and spending of $490k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $584k to $492k (-16%), an average of -4.2% a year. The sharpest change came in the year to December 2021, when income rose by 57%. Over the whole period it spent 102% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Bibles for China 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 70th percentile, and in the 71st percentile within OK. Charities of a similar size with the same main cause include Diocesan Council of Toledo Society of St Vincent de Paul ($492k), White Dove Ministries ($492k) and Pathway Vineyard Church of Woodbridge Inc ($491k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $55k (11% of expenses). Other salaries and wages came to $73k. At year end it held assets of $231k against liabilities of $1,046, net assets of $230k. It reported 5 employees.