Bible Way Church of GTN

Analysis

Bible Way Church of GTN is a registered charity in United States, based in Georgetown, SC. It received its IRS tax-exemption ruling in April 1999, 27 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Bible Way Church of GTN reported income of $421k and spending of $744k, spending 177% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $264k to $421k (+60%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 64%. Over the whole period it spent 121% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bible Way Church of GTN sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 72nd percentile within SC. Charities of a similar size with the same main cause include Community Commitment Inc ($420k), Political Report Inc ($421k) and Cross Roads Nogales Mission Inc ($420k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $138k (19% of expenses). Other salaries and wages came to $336k. At year end it held assets of -$994k against liabilities of $0, net assets of -$994k. It reported 21 employees.