Unlock the Bible Now Inc

Analysis

Unlock the Bible Now Inc is a registered charity in United States, based in Seguin, TX. It received its IRS tax-exemption ruling in February 2022, 4 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, Unlock the Bible Now Inc reported income of $51k and spending of $83k, spending 162% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $33k to $51k (+54%), an average of +54% a year. The sharpest change came in the year to December 2023, when income rose by 54%. Over the whole period it spent 144% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Unlock the Bible Now Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 20th percentile within TX. Charities of a similar size with the same main cause include Healing Rooms of the Northern Plains ($51k), Oscar Roan Ministries Inc ($51k) and Message of Hope Inc ($51k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $11k against liabilities of $44k, net assets of -$33k.