South Florida Bible College & Theological Seminary

Analysis

South Florida Bible College & Theological Seminary is a registered charity in United States, based in Deerfield BCH, FL. It received its IRS tax-exemption ruling in October 1998, 28 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, South Florida Bible College & Theological Seminary reported income of $4.2m and spending of $4.5m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.1m to $4.2m (+35%), an average of +7.7% a year. The sharpest change came in the year to June 2021, when income rose by 225%. Over the whole period it spent 75% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, South Florida Bible College & Theological Seminary sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within FL. Charities of a similar size with the same main cause include Saul Mirowitz Jewish Community School ($4.2m), Linden Grove School ($4.2m) and Hawaii Tokai International College ($4.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 29% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $187k (4.2% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $13.3m against liabilities of $5.8m, net assets of $7.6m. It reported 125 employees.