Maryland Bible College & Seminary Inc

Analysis

Maryland Bible College & Seminary Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in January 1999, 27 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 July 2023, Maryland Bible College & Seminary Inc reported income of $1.2m and spending of $357k, leaving 69% of income unspent that year. Across the 5 years on record, from July 2019 to July 2023, income grew from $217k to $1.2m (+432%), an average of +52% a year. The sharpest change came in the year to July 2023, when income rose by 346%. Over the whole period it spent 69% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Maryland Bible College & Seminary Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MD. Charities of a similar size with the same main cause include Destined for Victory Ministries Bay Area Inc ($1.2m), Eddie James Ministries Inc ($1.2m) and Saint John Henry Newman Institute ($1.2m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. At year end it held assets of $797k against liabilities of $182k, net assets of $615k. It reported 5 employees.