Pensacola Bible Institute Inc

Analysis

Pensacola Bible Institute Inc is a registered charity in United States, based in Pensacola, FL. It received its IRS tax-exemption ruling in October 1965, 61 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 August 2023, Pensacola Bible Institute Inc reported income of $66k and spending of $227k, spending 343% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $309k to $66k (-79%), an average of -32% a year. The sharpest change came in the year to August 2021, when income rose by 151%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pensacola Bible Institute Inc sits at the 29th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 30th percentile within FL. Charities of a similar size with the same main cause include Plainfield School District Foundation for Excellence ($66k), Callisburg Athletic Booster Club ($66k) and Mustang Baseball Booster Club ($66k).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $82k (36% of expenses). Other salaries and wages came to $67k. At year end it held assets of $791k against liabilities of $2,660, net assets of $788k. It reported 8 employees.