Calvary Bible Institute Inc
Calvary Bible Institute Inc. operates with minimal assets and no reported officer compensation, showing fluctuating but generally balanced annual finances.
EIN: 141978848 · Washington, DC · NTEE: X20 · Updated: 2026-03-28
Is Calvary Bible Institute Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Calvary Bible Institute Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Calvary Bible Institute Inc
Calvary Bible Institute Inc (EIN: 141978848) is a nonprofit organization based in Washington, DC, classified under NTEE code X20. The organization reported total revenue of $318K and total assets of $3K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Calvary Bible Institute Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Calvary Bible Institute Inc is a small nonprofit that has been operating for 19 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -2.9%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $329K |
| Total Expenses | $327K |
| Surplus / Deficit | +$1K |
| Total Assets | $7K |
| Net Assets | $7K |
| Operating Margin | 0.4% |
| Months of Reserves | 0.2 months |
Financial Health Grade: A
In 2024, Calvary Bible Institute Inc reported a surplus of $1K with revenue exceeding expenses, holds 0.2 months of operating reserves (limited).
Financial Trends
Over 14 years of filings (2011–2024), Calvary Bible Institute Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +179.6% | +240.8% | +406.9% |
| 2023 | -56.2% | -64.6% | — |
| 2022 | -4.2% | -2.9% | -100.0% |
| 2021 | +6.3% | +5.7% | +85.2% |
| 2020 | -3.8% | -3.1% | +8.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Calvary Bible Institute Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Calvary Bible Institute Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no officers or key employees receive salaries from the organization, which is highly commendable for a nonprofit of its size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Calvary Bible Institute Inc's IRS 990 filings:
- Very low asset base relative to annual revenue, potentially limiting long-term stability or growth capacity.
- Significant year-over-year fluctuations in revenue, which could indicate unpredictable funding sources.
Strengths
The following positive indicators were identified for Calvary Bible Institute Inc:
- 0% officer compensation across all filings, demonstrating strong commitment to mission-focused spending.
- Consistent operational balance, with expenses generally matching or slightly below revenue.
- High program spending efficiency, estimated at 90% of total expenses.
Frequently Asked Questions about Calvary Bible Institute Inc
Is Calvary Bible Institute Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Calvary Bible Institute Inc (EIN: 141978848) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Calvary Bible Institute Inc spend its money?
Calvary Bible Institute Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Calvary Bible Institute Inc tax-deductible?
Calvary Bible Institute Inc is registered as a tax-exempt nonprofit (EIN: 141978848). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Calvary Bible Institute Inc. a good charity?
Based on the provided data, Calvary Bible Institute Inc. appears to be a good charity, particularly due to its 0% officer compensation and consistent operational balance. However, a deeper understanding of its program effectiveness and detailed expense allocation would provide a more complete picture.
How does Calvary Bible Institute Inc. manage its finances given its low asset base?
The organization appears to operate on a 'pay-as-you-go' model, with revenues closely matching expenses annually. Its low asset base suggests that funds are primarily used for immediate operational needs rather than accumulating reserves, which can be efficient but also indicates limited financial cushion.
What is the trend in Calvary Bible Institute Inc.'s revenue and expenses?
Revenue and expenses have fluctuated over the years, with a notable dip in 202307 ($117,664 revenue) and a recovery in 202407 ($328,950 revenue). Generally, expenses closely track revenue, indicating a balanced budget approach.
Filing History
IRS 990 filing history for Calvary Bible Institute Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Calvary Bible Institute Inc's revenue has declined by 32%, moving from $484K to $329K. Total assets increased by 50.1% over the same period, from $4K to $7K. Total functional expenses fell by 31.1%, from $476K to $327K. In its most recent filing year (2024), Calvary Bible Institute Inc reported a surplus of $1K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $329K | $327K | $7K | $0 | — | — |
| 2023 | $118K | $96K | $1K | $153 | — | View 990 |
| 2022 | $269K | $271K | $0 | $0 | — | View 990 |
| 2021 | $280K | $279K | $3K | $3K | — | — |
| 2020 | $264K | $264K | $2K | $3K | — | — |
| 2019 | $274K | $273K | $2K | $2K | — | View 990 |
| 2018 | $141K | $146K | $2K | $4K | — | View 990 |
| 2017 | $135K | $142K | $3K | $0 | — | View 990 |
| 2016 | $285K | $301K | $17K | $7K | — | View 990 |
| 2015 | $314K | $311K | $30K | $4K | — | View 990 |
| 2014 | $322K | $309K | $28K | $5K | — | View 990 |
| 2013 | $317K | $311K | $17K | $9K | — | View 990 |
| 2012 | $480K | $485K | $7K | $13K | — | View 990 |
| 2011 | $484K | $476K | $4K | $6K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $329K, expenses of $327K, and assets of $7K (revenue +179.6% year-over-year).
- 2023: Revenue of $118K, expenses of $96K, and assets of $1K (revenue -56.2% year-over-year).
- 2022: Revenue of $269K, expenses of $271K, and assets of $0 (revenue -4.2% year-over-year).
- 2021: Revenue of $280K, expenses of $279K, and assets of $3K (revenue +6.3% year-over-year).
- 2020: Revenue of $264K, expenses of $264K, and assets of $2K (revenue -3.8% year-over-year).
- 2019: Revenue of $274K, expenses of $273K, and assets of $2K (revenue +93.8% year-over-year).
- 2018: Revenue of $141K, expenses of $146K, and assets of $2K (revenue +4.6% year-over-year).
- 2017: Revenue of $135K, expenses of $142K, and assets of $3K (revenue -52.6% year-over-year).
- 2016: Revenue of $285K, expenses of $301K, and assets of $17K (revenue -9.2% year-over-year).
- 2015: Revenue of $314K, expenses of $311K, and assets of $30K (revenue -2.7% year-over-year).
- 2014: Revenue of $322K, expenses of $309K, and assets of $28K (revenue +1.6% year-over-year).
- 2013: Revenue of $317K, expenses of $311K, and assets of $17K (revenue -33.8% year-over-year).
- 2012: Revenue of $480K, expenses of $485K, and assets of $7K (revenue -0.8% year-over-year).
- 2011: Revenue of $484K, expenses of $476K, and assets of $4K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Calvary Bible Institute Inc:
Data Sources and Methodology
This transparency report for Calvary Bible Institute 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.