Faith Bible College

Analysis

Faith Bible College is a registered charity in United States, based in Independence, MO. It received its IRS tax-exemption ruling in January 1970, 56 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, Faith Bible College reported income of $170k and spending of $101k, leaving 40% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $85k to $170k (+99%), an average of +19% a year. The sharpest change came in the year to December 2020, when income rose by 42%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Faith Bible College sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 47th percentile within MO. Charities of a similar size with the same main cause include Mt Vernon Education Foundation Inc ($170k), Florence Thomas Art School Inc ($170k) and PTA Vermont Congress ($170k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $32k. At year end it held assets of $278k against liabilities of $45k, net assets of $233k. It reported 2 employees.