Reformation Bible College Inc

Analysis

Reformation Bible College Inc is a registered charity in United States, based in Sanford, FL. It received its IRS tax-exemption ruling in May 2015, 11 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 2020, Reformation Bible College Inc reported income of $12.4m and spending of $3.3m, leaving 74% of income unspent that year. Across the 2 years on record, from December 2019 to December 2020, income grew from $1.2m to $12.4m (+927%), an average of +927% a year. The sharpest change came in the year to December 2020, when income rose by 927%. Over the whole period it spent 48% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Reformation Bible College Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include Bronx Community Charter School ($12.4m), Aspen Prep Academy ($12.4m) and The Child School-Legacy High School ($12.4m).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 90% and program service revenue 10.0% of the total. Compensation of current officers, directors and key employees was $266k (8.1% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $393k against liabilities of $255k, net assets of $138k. It reported 49 employees.