Biblica Inc

Analysis

Biblica Inc is a registered charity in United States, based in Palmer Lake, CO. It received its IRS tax-exemption ruling in March 1994, 32 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2021, Biblica Inc reported income of $27.6m and spending of $24.1m, spending 88% of its income. Across the 3 years on record, from September 2019 to September 2021, income grew from $15.4m to $27.6m (+80%), an average of +34% a year. The sharpest change came in the year to September 2021, when income rose by 75%. Over the whole period it spent 94% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Biblica 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 98th percentile, and in the 98th percentile within CO. Charities of a similar size with the same main cause include Jewish Family Service Association of Cleveland Ohio ($27.4m), Health Ministries Clinic Inc ($27.7m) and Kingdom Causes ($27.3m).

On its Form 990 for the period ending September 2021, revenue came from contributions and grants 78% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $1.2m (5.1% of expenses). Other salaries and wages came to $4.0m. It paid $996k in professional fundraising fees. At year end it held assets of $12.9m against liabilities of $3.3m, net assets of $9.7m. It reported 57 employees.