Clear Bible Inc

Analysis

Clear Bible Inc is a registered charity in United States, based in Grandville, MI. It received its IRS tax-exemption ruling in August 2016, 10 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, Clear Bible Inc reported income of $78k and spending of $3.1m, spending 4020% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $78k (-94%), an average of -50% a year. The sharpest change came in the year to December 2021, when income rose by 850%. Over the whole period it spent 119% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Clear Bible Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 30th percentile within MI. Charities of a similar size with the same main cause include Loaves and Fishes Inc ($78k), St Joseph Booster Club ($78k) and Iglesia Evangelica Apostoles Y Profetas Efesios 2 20 ($78k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 114% of the total. Compensation of current officers, directors and key employees was $173k (5.5% of expenses). Other salaries and wages came to $467k. It paid $19k in professional fundraising fees. At year end it held assets of $75k against liabilities of $1,614, net assets of $73k. It reported 8 employees.