Carolina College of Biblical Studies

Analysis

Carolina College of Biblical Studies is a registered charity in United States, based in Fayetteville, NC. It received its IRS tax-exemption ruling in January 1989, 37 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 June 2023, Carolina College of Biblical Studies reported income of $2.0m and spending of $1.5m, leaving 23% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.5m to $2.0m (+32%), an average of +9.7% a year. The sharpest change came in the year to June 2023, when income rose by 39%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Carolina College of Biblical Studies sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within NC. Charities of a similar size with the same main cause include Institute for Islamic Christian and Jewish Studies Inc ($2.0m), Destine Preparatory Charter School ($2.0m) and Investigative Newsource ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 55% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $200k (13% of expenses). Other salaries and wages came to $598k. At year end it held assets of $3.9m against liabilities of $104k, net assets of $3.8m. It reported 55 employees.