Biblical Recorder Incorporated

Analysis

Biblical Recorder Incorporated is a registered charity in United States, based in Cary, NC. It received its IRS tax-exemption ruling in April 1941, 85 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Biblical Recorder Incorporated reported income of $418k and spending of $328k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $615k to $418k (-32%), an average of -9.2% a year. The sharpest change came in the year to December 2021, when income dropped by 19%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Biblical Recorder Incorporated sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within NC. Charities of a similar size with the same main cause include National Association of Nephrology Technologists ($418k), Literacy Texas ($418k) and Minnesota Counties Foundation Inc ($418k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.0% and program service revenue 90% of the total. Other salaries and wages came to $8,567. At year end it held assets of $332k against liabilities of $25k, net assets of $307k.