Shasta Bible College

Analysis

Shasta Bible College is a registered charity in United States, based in Redding, CA. It received its IRS tax-exemption ruling in June 1974, 52 years ago. 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 May 2023, Shasta Bible College reported income of $639k and spending of $1.0m, spending 158% of what it took in. Across the 4 years on record, from May 2020 to May 2023, income fell from $800k to $639k (-20%), an average of -7.2% a year. The sharpest change came in the year to May 2023, when income dropped by 52%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Shasta Bible College sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include St Pauls Day Care Center Inc ($639k), Downtowndc Foundation Inc ($639k) and Christian Church Homes of Idaho Inc ($639k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 69% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $46k (4.6% of expenses). Other salaries and wages came to $334k. At year end it held assets of $2.2m against liabilities of $180k, net assets of $2.0m. It reported 27 employees.