Huntsville Baptist Institute Inc

Analysis

Huntsville Baptist Institute Inc is a registered charity in United States, based in Huntsville, AL. It received its IRS tax-exemption ruling in May 1999, 27 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 July 2024, Huntsville Baptist Institute Inc reported income of $704k and spending of $780k, spending 111% of what it took in. Across the 5 years on record, from July 2020 to July 2024, income fell from $827k to $704k (-15%), an average of -3.9% a year. The sharpest change came in the year to July 2021, when income rose by 62%. 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, Huntsville Baptist Institute Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 78th percentile within AL. Charities of a similar size with the same main cause include Kids Place a Place for Kids to Be II Inc ($704k), The Parent Academy of St Lucie ($705k) and Nathanael Greene Academy Inc ($704k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 87% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $68k (8.7% of expenses). Other salaries and wages came to $163k. At year end it held assets of $1.4m against liabilities of $494k, net assets of $876k. It reported 9 employees.