Open the Bible

Analysis

Open the Bible is a registered charity in United States, based in Barrington, IL. It received its IRS tax-exemption ruling in June 2001, 25 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 December 2023, Open the Bible reported income of $2.9m and spending of $2.8m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $2.9m (+34%), an average of +7.6% a year. The sharpest change came in the year to December 2021, when income rose by 28%. Over the whole period it spent 97% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Open the Bible 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 89th percentile within IL. Charities of a similar size with the same main cause include Well Inc ($2.9m), Limudei Da As Inc ($2.9m) and Fallbrook Food Pantry ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $147k (5.2% of expenses). Other salaries and wages came to $714k. At year end it held assets of $1.2m against liabilities of $90k, net assets of $1.1m. It reported 15 employees.