Oklahoma Bible Academy

Analysis

Oklahoma Bible Academy is a registered charity in United States, based in Enid, OK. It received its IRS tax-exemption ruling in January 1939, 87 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 July 2023, Oklahoma Bible Academy reported income of $2.5m and spending of $2.9m, spending 115% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income fell from $3.0m to $2.5m (-16%), an average of -4.4% a year. The sharpest change came in the year to July 2023, when income dropped by 17%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Oklahoma Bible Academy 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 88th percentile, and in the 89th percentile within OK. Charities of a similar size with the same main cause include Piece Inc ($2.5m), School District 12 Education Foundation ($2.5m) and Paterson Day Care 100 ($2.5m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 35% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $110k (3.8% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $7.9m against liabilities of $262k, net assets of $7.7m. It reported 79 employees.