Bible Literature Online

Analysis

Bible Literature Online is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in May 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. 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 July 2024, Bible Literature Online reported income of $58k and spending of $100k, spending 173% of what it took in. Across the 4 years on record, from July 2021 to July 2024, income fell from $625k to $58k (-91%), an average of -55% a year. The sharpest change came in the year to July 2024, when income rose by 746%. Over the whole period it spent 38% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bible Literature Online sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 21st percentile within TN. Charities of a similar size with the same main cause include WHF Foundation ($58k), Arapahoe Band Boosters ($58k) and Dos Puentes Elementary PTA ($58k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 93% and program service revenue 6.7% of the total. At year end it held assets of $277k against liabilities of $0, net assets of $277k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.