Lit Bible Study

Analysis

Lit Bible Study is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lit Bible Study reported income of $127k and spending of $106k, spending 84% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $79k to $127k (+60%), an average of +60% a year. The sharpest change came in the year to December 2023, when income rose by 60%. Over the whole period it spent 102% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Lit Bible Study sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 46th percentile within TX. Charities of a similar size with the same main cause include Bace ($127k), Masterbuilt Ministries ($127k) and Integral Christian Network ($127k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.5% of the total. At year end it held assets of $49k against liabilities of $0, net assets of $49k.