Alaska Bible College

Analysis

Alaska Bible College is a registered charity in United States, based in Palmer, AK. It received its IRS tax-exemption ruling in May 1997, 29 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 May 2023, Alaska Bible College reported income of $661k and spending of $904k, spending 137% of what it took in. Across the 4 years on record, from May 2020 to May 2023, income fell from $899k to $661k (-26%), an average of -9.7% a year. The sharpest change came in the year to May 2021, when income rose by 61%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Alaska Bible College sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 71st percentile within AK. Charities of a similar size with the same main cause include Sowing Seeds with Faith ($661k), Georgia Foundation for Early Care and Learning ($661k) and Board of Trustees of the Sedgwick County Law Library Inc ($661k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 48% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $80k (8.8% of expenses). Other salaries and wages came to $449k. At year end it held assets of $3.0m against liabilities of $360k, net assets of $2.7m. It reported 34 employees.