Trinity College of the Bible

Analysis

Trinity College of the Bible is a registered charity in United States, based in Evansville, IN. It received its IRS tax-exemption ruling in February 1970, 56 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 December 2023, Trinity College of the Bible reported income of $1.5m and spending of $1.3m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.7m to $1.5m (-13%), an average of -3.4% a year. The sharpest change came in the year to December 2023, when income dropped by 29%. Over the whole period it spent 67% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Trinity College of the Bible sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within IN. Charities of a similar size with the same main cause include Alee Academy Inc ($1.5m), Tanaina Child Development Center Inc ($1.5m) and Seacoast Christian School ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.9% and program service revenue 90% of the total. Other salaries and wages came to $596k. At year end it held assets of $2.6m against liabilities of $2.8m, net assets of -$131k. It reported 16 employees.