Heritage Bible College

Analysis

Heritage Bible College is a registered charity in United States, based in Savannah, GA. It received its IRS tax-exemption ruling in July 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 May 2023, Heritage Bible College reported income of $1.5m and spending of $1.5m, spending 97% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $325k to $1.5m (+370%), an average of +47% a year. The sharpest change came in the year to May 2020, when income rose by 138%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Heritage Bible College sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within GA. Charities of a similar size with the same main cause include Persist Nashville Inc ($1.5m), Genesee Community College Association Inc ($1.5m) and North Carolina Home Builders Assoc Educational & Charitable Foundatio ($1.5m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $25k (1.7% of expenses). Other salaries and wages came to $187k. At year end it held assets of $1.5m against liabilities of $673k, net assets of $839k. It reported 13 employees.