Colegio Biblico

Analysis

Colegio Biblico is a registered charity in United States, based in Eagle Pass, TX. It received its IRS tax-exemption ruling in July 1950, 76 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 December 2023, Colegio Biblico reported income of $487k and spending of $669k, spending 137% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $633k to $487k (-23%), an average of -6.4% a year. The sharpest change came in the year to December 2021, when income dropped by 49%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Colegio Biblico sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 74th percentile within TX. Charities of a similar size with the same main cause include Living Voices ($487k), Cen-Tex Alcoholic Rehabilitation Center Inc ($487k) and Wichita Mountains Easter Sunrise Service Association ($486k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $40k (6.0% of expenses). At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m. It reported 7 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.