Alberta Bible College

Analysis

Alberta Bible College is a registered charity in United States, based in Canada. It received its IRS tax-exemption ruling in May 2015, 11 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).

In the financial year ending July 2024, Alberta Bible College reported income of $836k and spending of $781k, spending 93% of its income. Across the 6 years on record, from July 2019 to July 2024, income grew from $774k to $836k (+8.0%), an average of +1.5% a year. The sharpest change came in the year to July 2024, when income rose by 34%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Alberta Bible College sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile. Charities of a similar size with the same main cause include Katy Classical Academy ($836k), Refine Therapeutic Learning Center Inc ($836k) and Excellence in Education Foundation for PGCPS Inc ($836k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 40% and program service revenue 36% of the total. Other salaries and wages came to $491k. At year end it held assets of $5.8m against liabilities of $431k, net assets of $5.3m.