Bible Studies Inc

Analysis

Bible Studies Inc is a registered charity in United States, based in Winnsboro, SC. It received its IRS tax-exemption ruling in April 1981, 45 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bible Studies Inc reported income of $1.5m and spending of $1.6m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $493k to $1.5m (+202%), an average of +32% a year. The sharpest change came in the year to December 2021, when income rose by 104%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bible Studies Inc 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 83rd percentile, and in the 86th percentile within SC. Charities of a similar size with the same main cause include The Woodward School for Girls Inc ($1.5m), Centrepointe Counseling Inc ($1.5m) and Grand Rapids Christian School Foundation ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.3% of the total. Other salaries and wages came to $149k. At year end it held assets of $1.2m against liabilities of $321k, net assets of $835k. It reported 4 employees.