Appalachian Bible College Inc

Analysis

Appalachian Bible College Inc is a registered charity in United States, based in Mount Hope, WV. It received its IRS tax-exemption ruling in March 1969, 57 years ago. 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, Appalachian Bible College Inc reported income of $8.2m and spending of $7.2m, spending 88% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $6.7m to $8.2m (+22%), an average of +5.1% a year. The sharpest change came in the year to May 2021, when income rose by 19%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Appalachian Bible College Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within WV. Charities of a similar size with the same main cause include Turlock Christian Schools ($8.2m), Lynn Colbert Charitable Foundation ($8.2m) and Gold Country Health Center ($8.2m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 37% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $251k (3.5% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $12.6m against liabilities of $4.4m, net assets of $8.2m. It reported 273 employees.