Biblical Life Ministries

Analysis

Biblical Life Ministries is a registered charity in United States, based in Heath, TX. It received its IRS tax-exemption ruling in June 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Life Ministries reported income of $95k and spending of $116k, spending 123% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income fell from $218k to $95k (-57%), an average of -34% a year. The sharpest change came in the year to December 2022, when income dropped by 45%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Biblical Life Ministries sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 38th percentile within TX. Charities of a similar size with the same main cause include Wilso Mules Alumni Association ($95k), Royersford Free Public Library ($95k) and Cien Amigos Education Fund ($95k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $7,732 against liabilities of $5,812, net assets of $1,920.