Lustre Bible Academy Society

Analysis

Lustre Bible Academy Society is a registered charity in United States, based in Lustre, MT. It received its IRS tax-exemption ruling in August 1965, 61 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 2024, Lustre Bible Academy Society reported income of $682k and spending of $728k, spending 107% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $485k to $682k (+41%), an average of +8.9% a year. The sharpest change came in the year to June 2023, when income rose by 24%. 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, Lustre Bible Academy Society sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within MT. Charities of a similar size with the same main cause include Orono Hockey Boosters Inc ($682k), Cincy East Volleyball Club Inc ($682k) and Prince of Peace Center ($682k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 53% and program service revenue 37% of the total. Other salaries and wages came to $320k. At year end it held assets of $1.1m against liabilities of $21k, net assets of $1.0m.