Lutheran Bible Camp Inc

Analysis

Lutheran Bible Camp Inc is a registered charity in United States, based in Billings, MT. It received its IRS tax-exemption ruling in November 1961, 65 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 October 2023, Lutheran Bible Camp Inc reported income of $617k and spending of $554k, spending 90% of its income. Across the 4 years on record, from October 2018 to October 2023, income fell from $675k to $617k (-8.7%), an average of -3.0% a year. The sharpest change came in the year to October 2022, when income dropped by 31%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lutheran Bible Camp Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within MT. Charities of a similar size with the same main cause include Penn-North Plaza Inc ($616k), Hospice of San Luis Obispo County ($617k) and Neighborhood Housing Services of Southwest Wisconsin Inc ($616k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 65% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $93k (17% of expenses). Other salaries and wages came to $182k. At year end it held assets of $2.0m against liabilities of $450, net assets of $2.0m. It reported 35 employees.