Bibleproject

Analysis

Bibleproject is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in July 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Bibleproject reported income of $26.8m and spending of $22.9m, spending 85% of its income. Across the 5 years on record, from December 2019 to September 2023, income grew from $9.0m to $26.8m (+198%), an average of +31% a year. The sharpest change came in the year to September 2023, when income rose by 83%. Over the whole period it spent 83% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Bibleproject sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within OR. Charities of a similar size with the same main cause include The Tzur Foundation Inc ($26.4m), Isaiah 58 12 Foundation Inc ($27.0m) and Belknap Ministries ($26.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $1.3m (5.8% of expenses). Other salaries and wages came to $11.0m. At year end it held assets of $26.3m against liabilities of $1.8m, net assets of $24.5m. It reported 131 employees.