Union Bible College Inc

Analysis

Union Bible College Inc is a registered charity in United States, based in Westfield, IN. It received its IRS tax-exemption ruling in June 1965, 61 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 2023, Union Bible College Inc reported income of $1.7m and spending of $1.6m, spending 99% of its income. Across the 3 years on record, from June 2019 to June 2023, income grew from $821k to $1.7m (+102%), an average of +42% a year. The sharpest change came in the year to June 2023, when income rose by 73%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Union Bible College Inc 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 84th percentile, and in the 85th percentile within IN. Charities of a similar size with the same main cause include Blueprint Texas ($1.7m), Illinois Bankers Education Services Inc ($1.7m) and Second Life Resale Shoppe Inc ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 41% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $47k (2.9% of expenses). Other salaries and wages came to $279k. At year end it held assets of $3.0m against liabilities of $622k, net assets of $2.4m. It reported 52 employees.