Bible League Foundation

Analysis

Bible League Foundation is a registered charity in United States, based in Crete, IL. It received its IRS tax-exemption ruling in April 1984, 42 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Bible League Foundation reported income of $1.6m and spending of $5.2m, spending 320% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.3m to $1.6m (+30%), an average of +6.7% a year. The sharpest change came in the year to September 2020, when income rose by 63%. Over the whole period it spent 240% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bible League Foundation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within IL. Charities of a similar size with the same main cause include City College Student Services Corporation ($1.6m), The Sheriffs Relief Foundation ($1.6m) and Trinity Worship Center of Burlington Inc ($1.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $108k. At year end it held assets of $12.5m against liabilities of $2.5m, net assets of $9.9m.

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.