Biblical Arts Center Miracle at Pentecost Foundation

Analysis

Biblical Arts Center Miracle at Pentecost Foundation is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in March 1966, 60 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Biblical Arts Center Miracle at Pentecost Foundation reported income of $495k and spending of $706k, spending 143% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $657k to $495k (-25%), an average of -6.8% a year. The sharpest change came in the year to December 2020, when income dropped by 43%. Over the whole period it spent 150% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Biblical Arts Center Miracle at Pentecost Foundation sits at the 83rd percentile: it is larger than about 83% 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 Saturation Church Planting International Inc ($495k), Reason for Our Hope Foundation Inc ($495k) and Holy Spirit Unity Church in America ($495k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 48% of the total. It paid $50 in professional fundraising fees. At year end it held assets of $6.9m against liabilities of $166k, net assets of $6.8m.

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.