Bible Teaching Ministries Inc

Analysis

Bible Teaching Ministries Inc is a registered charity in United States, based in Vestavia, AL. It received its IRS tax-exemption ruling in December 1983, 43 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, Bible Teaching Ministries Inc reported income of $74k and spending of $50k, leaving 32% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $717k to $74k (-90%), an average of -90% a year. The sharpest change came in the year to December 2023, when income dropped by 90%. Over the whole period it spent 19% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bible Teaching Ministries 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 29th percentile, and in the 28th percentile within AL. Charities of a similar size with the same main cause include The Charlotte Folk Society ($74k), Poland Band Parents Inc ($74k) and Paladin Community Services ($74k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% of the total. At year end it held assets of $908k against liabilities of $0, net assets of $908k.