Southland Bible Institute

Analysis

Southland Bible Institute is a registered charity in United States, based in Ashland, KY. It received its IRS tax-exemption ruling in July 1947, 79 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 2024, Southland Bible Institute reported income of $338k and spending of $387k, spending 115% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $269k to $338k (+26%), an average of +5.9% a year. The sharpest change came in the year to June 2021, when income rose by 40%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Southland Bible Institute sits at the 63rd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within KY. Charities of a similar size with the same main cause include World Language Initiative Mt ($338k), Youth Justice Alliance ($338k) and Help 2 Others Foundation ($338k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 47% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $24k (6.3% of expenses). Other salaries and wages came to $131k. At year end it held assets of $1.4m against liabilities of $16k, net assets of $1.4m. It reported 6 employees.