Bibles for Russia Inc

Analysis

Bibles for Russia Inc is a registered charity in United States, based in Florence, AL. It received its IRS tax-exemption ruling in July 1993, 33 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bibles for Russia Inc reported income of $138k and spending of $144k, spending 104% of its income. Across the 4 years on record, from December 2019 to December 2023, income fell from $177k to $138k (-22%), an average of -7.9% a year. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bibles for Russia Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within AL. Charities of a similar size with the same main cause include Little League Baseball Inc ($138k), Miss Kansas Scholarship Foundation Inc ($138k) and Church of Living Waters ($138k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $45k (31% of expenses). Other salaries and wages came to $15k. At year end it held assets of $77k against liabilities of $1,542, net assets of $76k. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.