Carolina Bible Institute Inc

Analysis

Carolina Bible Institute Inc is a registered charity in United States, based in Pine Level, NC. It received its IRS tax-exemption ruling in November 1982, 44 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 December 2023, Carolina Bible Institute Inc reported income of $98k and spending of $90k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $77k to $98k (+27%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Carolina Bible Institute Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 34th percentile within NC. Charities of a similar size with the same main cause include North Grafton Elementary School Parent Teacher Group Inc ($98k), Covenant Christian High School Foundation ($98k) and Cumberland Library Fund Inc ($98k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 18% of the total. At year end it held assets of $83k against liabilities of $765, net assets of $82k.