Rio Grande Bible Institute Inc

Analysis

Rio Grande Bible Institute Inc is a registered charity in United States, based in Edinburg, TX. It received its IRS tax-exemption ruling in November 1948, 78 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, Rio Grande Bible Institute Inc reported income of $4.5m and spending of $4.7m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.7m to $4.5m (-3.4%), an average of -0.9% a year. The sharpest change came in the year to June 2022, when income rose by 60%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rio Grande Bible Institute Inc 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 92nd percentile, and in the 94th percentile within TX. Charities of a similar size with the same main cause include Growth Public Schools ($4.5m), Happy Valley East ($4.5m) and Pennsylvania Educational Communications Systems ($4.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 65% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $79k (1.7% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $15.4m against liabilities of $2.2m, net assets of $13.2m. It reported 149 employees.