Faith Baptist Bible College Inc

Analysis

Faith Baptist Bible College Inc is a registered charity in United States, based in Bessemer, AL. It received its IRS tax-exemption ruling in March 1972, 54 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 May 2024, Faith Baptist Bible College Inc reported income of $3.9m and spending of $3.3m, spending 85% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $2.9m to $3.9m (+35%), an average of +7.9% a year. The sharpest change came in the year to May 2022, when income rose by 43%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Faith Baptist Bible College Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 94th percentile within AL. Charities of a similar size with the same main cause include Crossroads Hope Academy Incorporated ($3.9m), Paragon Collegiate Academy ($3.9m) and A Call to College ($3.9m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 7.8% and program service revenue 91% of the total. Other salaries and wages came to $1.7m. At year end it held assets of $4.5m against liabilities of $812k, net assets of $3.7m. It reported 86 employees.