Is St John Bible Institute Legit?

St John Bible Institute demonstrates consistent financial growth and prudent management based on its IRS 990 filings. Over the past decade, the organization has steadily increased its assets from $47,244 in 2015 to $193,468 in 2023, indicating effective stewardship of resources. Its revenue has also shown a positive trend, reaching $92,947 in 2023. The organization consistently operates with a surplus, with revenues exceeding expenses in all reported periods, contributing to its growing asset base. For instance, in 2023, revenue was $92,947 against expenses of $75,036, resulting in a surplus of $17,911. The institute's spending efficiency appears strong, as it consistently reports 0% officer compensation, suggesting that all funds are directed towards its mission and operational costs rather than executive salaries. This is a significant indicator of a program-focused approach. While specific program spending percentages are not detailed in the provided data, the absence of executive compensation implies a high proportion of expenses are likely allocated to programmatic activities. The organization's liabilities have remained very low, consistently under $3,000, which further underscores its financial stability and responsible fiscal practices. In terms of transparency, the consistent filing of IRS Form 990s over 12 periods demonstrates a commitment to public disclosure. The detailed financial figures provided in each filing period allow for a clear understanding of its financial trajectory. The lack of officer compensation is a strong positive for transparency, as it indicates that the organization is not diverting funds to high executive salaries, which is often a point of concern for donors. Overall, St John Bible Institute appears to be a financially healthy and transparent organization.