Institute in Basic Life Principles

Analysis

Institute in Basic Life Principles is a registered charity in United States, based in Big Sandy, TX. It received its IRS tax-exemption ruling in August 1963, 63 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, Institute in Basic Life Principles reported income of $3.8m and spending of $5.7m, spending 150% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $8.5m to $3.8m (-55%), an average of -15% a year. The sharpest change came in the year to December 2021, when income rose by 97%. Over the whole period it spent 130% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Institute in Basic Life Principles sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within TX. Charities of a similar size with the same main cause include Ratio Christi Inc ($3.8m), Man in the Mirror Inc ($3.8m) and One America Movement ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $250k (4.4% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $49.7m against liabilities of $1.4m, net assets of $48.3m. It reported 87 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.