Moody Bible Institute of Chicago

Analysis

Moody Bible Institute of Chicago is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in December 1933, 93 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, Moody Bible Institute of Chicago reported income of $116.7m and spending of $116.5m, spending 100% of its income. Across the 3 years on record, from June 2020 to June 2023, income grew from $109.0m to $116.7m (+7.0%), an average of +3.5% a year. The sharpest change came in the year to June 2022, when income rose by 142%. Over the whole period it spent 71% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Moody Bible Institute of Chicago sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within IL. Charities of a similar size with the same main cause include Saint Peters University ($116.6m), Assumption University ($116.9m) and Allegheny College ($116.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 49% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $3.4m (2.9% of expenses). Other salaries and wages came to $48.5m. It paid $723k in professional fundraising fees. At year end it held assets of $531.2m against liabilities of $178.8m, net assets of $352.4m. It reported 1,779 employees.