Berean Bible Society

Analysis

Berean Bible Society is a registered charity in United States, based in Germantown, WI. It received its IRS tax-exemption ruling in March 1960, 66 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, Berean Bible Society reported income of $953k and spending of $1.3m, spending 135% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $569k to $953k (+67%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 440%. Over the whole period it spent 84% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Berean Bible Society sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within WI. Charities of a similar size with the same main cause include Eternal Perspective Ministries ($952k), His Eyes Incorporated ($953k) and Shri Durga Temple Inc ($952k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% of the total. Compensation of current officers, directors and key employees was $120k (9.4% of expenses). Other salaries and wages came to $349k. At year end it held assets of $4.5m against liabilities of $781, net assets of $4.5m. It reported 9 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.