Covenant Bible Institute of Theology Inc

Analysis

Covenant Bible Institute of Theology Inc is a registered charity in United States, based in Pinehurst, TX. It received its IRS tax-exemption ruling in March 2014, 12 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, Covenant Bible Institute of Theology Inc reported income of $102k and spending of $103k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $81k to $102k (+27%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 102% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Covenant Bible Institute of Theology Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 40th percentile within TX. Charities of a similar size with the same main cause include Paramita Buddhist Monastery ($102k), Northeast Islamic Community Center Inc ($102k) and House of Bread Ministry ($102k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $6,413 against liabilities of $0, net assets of $6,413.