Bibles for the World

Analysis

Bibles for the World is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in December 1959, 67 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Bibles for the World reported income of $3.2m and spending of $3.6m, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.0m to $3.2m (+56%), an average of +12% a year. The sharpest change came in the year to June 2020, when income rose by 36%. Over the whole period it spent 94% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Bibles for the World sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within CO. Charities of a similar size with the same main cause include Yeshivat Ohel Torah ($3.2m), Urban Youth Impact Inc ($3.2m) and JH Israel ($3.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $206k (5.7% of expenses). Other salaries and wages came to $374k. At year end it held assets of $4.0m against liabilities of $79k, net assets of $3.9m. It reported 18 employees.