Montana Bible College

Analysis

Montana Bible College is a registered charity in United States, based in Billings, MT. It received its IRS tax-exemption ruling in September 1987, 39 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 2023, Montana Bible College reported income of $1.1m and spending of $1.5m, spending 134% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $942k to $1.1m (+22%), an average of +5.1% a year. The sharpest change came in the year to June 2021, when income rose by 20%. Over the whole period it spent 111% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Montana Bible College sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within MT. Charities of a similar size with the same main cause include Great Beginnings Montessori School Inc ($1.1m), Academy of GP Orthodontics ($1.1m) and Heroes for Children ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 31% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $38k (2.5% of expenses). Other salaries and wages came to $830k. At year end it held assets of $3.4m against liabilities of $202k, net assets of $3.2m. It reported 52 employees.