Mississippi Baptist Seminary and Bible College

Analysis

Mississippi Baptist Seminary and Bible College is a registered charity in United States, based in Jackson, MS. It received its IRS tax-exemption ruling in June 2016, 10 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Mississippi Baptist Seminary and Bible College reported income of $177k and spending of $129k, leaving 27% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $60k to $177k (+193%), an average of +71% a year. The sharpest change came in the year to December 2023, when income rose by 82%. Over the whole period it spent 83% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Mississippi Baptist Seminary and Bible College sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 53rd percentile within MS. Charities of a similar size with the same main cause include Lantern Vision Inc ($177k), Woodson Ministries Inc ($177k) and Iqra Academy of Palos Verdes ($177k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 6.0% of the total. At year end it held assets of $62k against liabilities of $907, net assets of $61k.