Opened Bible Academy

Analysis

Opened Bible Academy is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Opened Bible Academy reported income of $147k and spending of $171k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $351k to $147k (-58%), an average of -20% a year. The sharpest change came in the year to December 2021, when income dropped by 44%. Over the whole period it spent 84% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Opened Bible Academy sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 50th percentile within TX. Charities of a similar size with the same main cause include Grande Reach Ministries ($147k), New Beginnings Christian Church Endowment Foundation ($147k) and Incarnation Development Foundation ($147k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $72k (42% of expenses). At year end it held assets of $201k against liabilities of $85, net assets of $200k. It reported 1 employees.