Tri-State Bible College

Analysis

Tri-State Bible College is a registered charity in United States, based in South Point, OH. It received its IRS tax-exemption ruling in June 1971, 55 years ago. 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, Tri-State Bible College reported income of $571k and spending of $503k, spending 88% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $349k to $571k (+64%), an average of +18% a year. The sharpest change came in the year to June 2021, when income rose by 69%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tri-State Bible College sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within OH. Charities of a similar size with the same main cause include Transformations by Austin Angels ($571k), Big Brothers Big Sisters of Northcentral Wi Inc ($571k) and The Amador Athletic Boosters Club ($571k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $69k (14% of expenses). Other salaries and wages came to $104k. At year end it held assets of $1.9m against liabilities of $31k, net assets of $1.9m. It reported 13 employees.