Grace Bible Theological Seminary

Analysis

Grace Bible Theological Seminary is a registered charity in United States, based in Conway, AR. It received its IRS tax-exemption ruling in August 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Grace Bible Theological Seminary reported income of $442k and spending of $379k, spending 86% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $410k to $442k (+7.9%), an average of +7.9% a year. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Grace Bible Theological Seminary sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within AR. Charities of a similar size with the same main cause include Phelps County Christian Inc ($442k), College Park Cavalier Band Booster Club ($442k) and Beaver Brook Childrens School Inc ($442k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 68% and program service revenue 32% of the total. Other salaries and wages came to $228k. It paid $854 in professional fundraising fees. At year end it held assets of $312k against liabilities of $35k, net assets of $277k. It reported 11 employees.