African Bible Colleges Inc

Analysis

African Bible Colleges Inc is a registered charity in United States, based in Clinton, MS. It received its IRS tax-exemption ruling in March 1977, 49 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 June 2023, African Bible Colleges Inc reported income of $3.8m and spending of $3.6m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.1m to $3.8m (+25%), an average of +5.7% a year. The sharpest change came in the year to June 2021, when income rose by 21%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, African Bible Colleges 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 92nd percentile within MS. Charities of a similar size with the same main cause include Sandpoint Charter Schools Inc ($3.8m), St Monica Academy Inc ($3.8m) and Unity Christian School Inc ($3.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $1.0m. At year end it held assets of $2.9m against liabilities of $270k, net assets of $2.7m. It reported 19 employees.