Faith Baptist Bible College

Analysis

Faith Baptist Bible College is a registered charity in United States, based in Ankeny, IA. It received its IRS tax-exemption ruling in October 1967, 59 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 June 2024, Faith Baptist Bible College reported income of $10.1m and spending of $10.4m, spending 103% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $7.1m to $10.1m (+41%), an average of +9.1% a year. The sharpest change came in the year to June 2021, when income rose by 34%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Faith Baptist Bible College sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within IA. Charities of a similar size with the same main cause include Sargent Rehabilitation Center Inc ($10.1m), Yellow Breeches Educational Center ($10.1m) and Symposia Medicus Inc ($10.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 18% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $642k (6.2% of expenses). Other salaries and wages came to $4.0m. At year end it held assets of $19.9m against liabilities of $2.8m, net assets of $17.1m. It reported 397 employees.