Bible Memory Program Inc
EIN: 356066466 · Goshen, IN · NTEE: X21
About Bible Memory Program Inc
Bible Memory Program Inc (EIN: 356066466) is a nonprofit organization based in Goshen, IN, classified under NTEE code X21. The organization reported total revenue of $368K and total assets of $547K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bible Memory Program Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Bible Memory Program Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Bible Memory Program Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Filing History
IRS 990 filing history for Bible Memory Program Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Bible Memory Program Inc's revenue has grown by 66.7%, moving from $187K to $312K. Total assets increased by 190.3% over the same period, from $169K to $489K. Total functional expenses rose by 62.2%, from $186K to $302K. In its most recent filing year (2023), Bible Memory Program Inc reported a surplus of $10K, with revenue exceeding expenses. The organization holds $3K in liabilities against $489K in assets (debt-to-asset ratio: 0.7%), resulting in net assets of $486K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $312K | $302K | $489K | $3K | — | — |
| 2022 | $311K | $290K | $478K | $2K | — | View 990 |
| 2021 | $386K | $254K | $457K | $2K | — | View 990 |
| 2020 | $324K | $247K | $324K | $2K | — | View 990 |
| 2019 | $283K | $238K | $248K | $2K | — | View 990 |
| 2018 | $210K | $195K | $202K | $888 | — | View 990 |
| 2017 | $207K | $192K | $187K | $1K | — | — |
| 2016 | $175K | $171K | $171K | $808 | — | View 990 |
| 2015 | $166K | $197K | $168K | $2K | — | View 990 |
| 2014 | $220K | $179K | $199K | $2K | — | View 990 |
| 2013 | $205K | $207K | $197K | $40K | — | View 990 |
| 2012 | $196K | $193K | $161K | $3K | — | View 990 |
| 2011 | $187K | $186K | $169K | $13K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $312K, expenses of $302K, and assets of $489K (revenue +0.3% year-over-year).
- 2022: Revenue of $311K, expenses of $290K, and assets of $478K (revenue -19.4% year-over-year).
- 2021: Revenue of $386K, expenses of $254K, and assets of $457K (revenue +19.4% year-over-year).
- 2020: Revenue of $324K, expenses of $247K, and assets of $324K (revenue +14.3% year-over-year).
- 2019: Revenue of $283K, expenses of $238K, and assets of $248K (revenue +34.6% year-over-year).
- 2018: Revenue of $210K, expenses of $195K, and assets of $202K (revenue +1.4% year-over-year).
- 2017: Revenue of $207K, expenses of $192K, and assets of $187K (revenue +18.5% year-over-year).
- 2016: Revenue of $175K, expenses of $171K, and assets of $171K (revenue +5.3% year-over-year).
- 2015: Revenue of $166K, expenses of $197K, and assets of $168K (revenue -24.3% year-over-year).
- 2014: Revenue of $220K, expenses of $179K, and assets of $199K (revenue +7.1% year-over-year).
- 2013: Revenue of $205K, expenses of $207K, and assets of $197K (revenue +4.4% year-over-year).
- 2012: Revenue of $196K, expenses of $193K, and assets of $161K (revenue +4.8% year-over-year).
- 2011: Revenue of $187K, expenses of $186K, and assets of $169K.
Data Sources and Methodology
This transparency report for Bible Memory Program Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.