Bible Mission of Southwest Virginia

Analysis

Bible Mission of Southwest Virginia is a registered charity in United States, based in Wise, VA. It received its IRS tax-exemption ruling in February 1976, 50 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bible Mission of Southwest Virginia reported income of $365k and spending of $394k, spending 108% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $471k to $365k (-22%), an average of -4.9% a year. The sharpest change came in the year to December 2020, when income dropped by 59%. Over the whole period it spent 132% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bible Mission of Southwest Virginia sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within VA. Charities of a similar size with the same main cause include Santa Cruz Valley Heritage Alliance Inc ($365k), Pacific Coast Khalsa Diwan Society ($366k) and Big Brothers Big Sisters of Central Arkansas Inc ($365k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 57% of the total. Other salaries and wages came to $94k. At year end it held assets of $613k against liabilities of $241k, net assets of $372k. It reported 16 employees.