Charis Bible Colleges Inc

Analysis

Charis Bible Colleges Inc is a registered charity in United States, based in Woodland Park, CO. It received its IRS tax-exemption ruling in August 2023, 3 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 September 2023, Charis Bible Colleges Inc reported income of $21.7m and spending of $30.0m, spending 138% of what it took in. Across the 4 years on record, from September 2019 to September 2023, income grew from $15.3m to $21.7m (+41%), an average of +12% a year. The sharpest change came in the year to September 2023, when income rose by 51%. Over the whole period it spent 126% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Charis Bible Colleges Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within CO. Charities of a similar size with the same main cause include Word on Fire Catholic Ministries ($21.6m), Mercy College of Health Sciences ($21.9m) and Melvin J Berman Hebrew Academy ($21.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 42% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $935k (3.1% of expenses). Other salaries and wages came to $14.0m. At year end it held assets of $1.3m against liabilities of $20.8m, net assets of -$19.5m. It reported 358 employees.