Berean Bible Institute Inc

Analysis

Berean Bible Institute Inc is a registered charity in United States, based in West Bend, WI. It received its IRS tax-exemption ruling in October 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Berean Bible Institute Inc reported income of $267k and spending of $348k, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $240k to $267k (+11%), an average of +2.7% a year. The sharpest change came in the year to December 2020, when income rose by 48%. Over the whole period it spent 130% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Berean Bible Institute Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within WI. Charities of a similar size with the same main cause include Cedar Rapids Medical Education Foundation ($267k), Valley Preschool ($267k) and Sugar Valley Concerned Citizens ($267k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 8.0% of the total. Compensation of current officers, directors and key employees was $73k (21% of expenses). Other salaries and wages came to $179k. At year end it held assets of $298k against liabilities of $5,701, net assets of $292k. It reported 11 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.