College of Biblical Studies-Houston

Analysis

College of Biblical Studies-Houston is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in March 1979, 47 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, College of Biblical Studies-Houston reported income of $9.0m and spending of $8.7m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.0m to $9.0m (+12%), an average of +2.8% a year. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, College of Biblical Studies-Houston sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include Camden Community Partnership Inc ($9.0m), Southeast Rural Community Assistance Project Inc ($9.0m) and Lsa Pharmacy Inc ($9.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 63% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $501k (5.7% of expenses). Other salaries and wages came to $4.1m. At year end it held assets of $16.4m against liabilities of $3.2m, net assets of $13.2m. It reported 97 employees.