Bible Study Time Inc

Analysis

Bible Study Time Inc is a registered charity in United States, based in Spartanburg, SC. It received its IRS tax-exemption ruling in November 1972, 54 years ago. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bible Study Time Inc reported income of $1.2m and spending of $917k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.6m to $1.2m (-21%), an average of -5.7% a year. The sharpest change came in the year to December 2022, when income dropped by 39%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bible Study Time Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 85th percentile within SC. Charities of a similar size with the same main cause include Muse Machine Inc ($1.2m), Southampton Fire Co 1 ($1.2m) and Holy Family Plaza Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.3% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $105k (11% of expenses). Other salaries and wages came to $199k. At year end it held assets of $12.8m against liabilities of $0, net assets of $12.8m. It reported 5 employees.