Hobe Sound Bible College Inc

Analysis

Hobe Sound Bible College Inc is a registered charity in United States, based in Hobe Sound, FL. It received its IRS tax-exemption ruling in April 1973, 53 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, Hobe Sound Bible College Inc reported income of $6.4m and spending of $5.4m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.4m to $6.4m (+46%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 24%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hobe Sound Bible College Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within FL. Charities of a similar size with the same main cause include Carter G Woodson School Inc ($6.4m), Communities in Schools of Georgia Inc ($6.4m) and University Gateway Corporation ($6.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 44% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $88k (1.6% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $6.3m against liabilities of $483k, net assets of $5.8m. It reported 149 employees.