Corn Bible Academy Inc

Analysis

Corn Bible Academy Inc is a registered charity in United States, based in Clinton, OK. It received its IRS tax-exemption ruling in November 1988, 38 years ago. 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, Corn Bible Academy Inc reported income of $2.2m and spending of $1.8m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.1m to $2.2m (+7.3%), an average of +1.8% a year. The sharpest change came in the year to June 2021, when income rose by 51%. Over the whole period it spent 60% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Corn Bible Academy Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within OK. Charities of a similar size with the same main cause include Sunburst Projects ($2.2m), Collierville Soccer Association ($2.2m) and Clean Energy Economy for the Region ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 42% and program service revenue 32% of the total. Other salaries and wages came to $682k. At year end it held assets of $12.0m against liabilities of $3.5m, net assets of $8.5m. It reported 28 employees.