Carolina College Of Biblical Studies
EIN: 561388743 · Fayetteville, NC · NTEE: B42Z
| Metric | Value |
|---|---|
| Total Revenue | $1.6M |
| Total Expenses | $1.5M |
| Net Assets | $3.8M |
Is Carolina College Of Biblical Studies Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Carolina College Of Biblical Studies
Carolina College Of Biblical Studies (EIN: 561388743) is a nonprofit organization based in Fayetteville, NC, classified under NTEE code B42Z. The organization reported total revenue of $1.6M and total assets of $3.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Carolina College Of Biblical Studies's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Carolina College Of Biblical Studies is a mid-size nonprofit that has been operating for 37 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 12.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.0M |
| Total Expenses | $1.5M |
| Surplus / Deficit | +$448K |
| Total Assets | $3.9M |
| Total Liabilities | $104K |
| Net Assets | $3.8M |
| Operating Margin | 22.9% |
| Debt-to-Asset Ratio | 2.7% |
| Months of Reserves | 30.9 months |
Financial Health Grade: A
In 2023, Carolina College Of Biblical Studies reported a surplus of $448K with revenue exceeding expenses, holds 30.9 months of operating reserves (strong position), has a debt-to-asset ratio of 2.7% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Carolina College Of Biblical Studies's revenue has grown at a compound annual growth rate (CAGR) of 12.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +39.3% | +11.6% | +10.9% |
| 2022 | -28.3% | -8.7% | -3.2% |
| 2021 | +32.2% | +7.0% | +9.8% |
| 2020 | -2.4% | +2.7% | +4.3% |
| 2019 | +15.1% | +3.8% | +2.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1989 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Carolina College Of Biblical Studies 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 Carolina College Of Biblical Studies 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $448K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.7%.
Frequently Asked Questions about Carolina College Of Biblical Studies
Is Carolina College Of Biblical Studies a legitimate charity?
Based on AI analysis of IRS 990 filings, Carolina College Of Biblical Studies (EIN: 561388743) insufficient data. 0 red flags identified, 0 strengths noted.
How does Carolina College Of Biblical Studies spend its money?
Detailed spending breakdown data is not yet available for Carolina College Of Biblical Studies. Check back for updated IRS 990 analysis.
Are donations to Carolina College Of Biblical Studies tax-deductible?
Carolina College Of Biblical Studies is registered as a tax-exempt nonprofit (EIN: 561388743). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Carolina College Of Biblical Studies located?
Carolina College Of Biblical Studies is headquartered in Fayetteville, North Carolina and files with the IRS under EIN 561388743. It is classified under NTEE code B42Z.
How many years of IRS 990 filings does Carolina College Of Biblical Studies have?
Carolina College Of Biblical Studies has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.6M in total revenue.
Filing History
IRS 990 filing history for Carolina College Of Biblical Studies showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Carolina College Of Biblical Studies's revenue has grown by 258.1%, moving from $547K to $2.0M. Total assets increased by 475.3% over the same period, from $676K to $3.9M. Total functional expenses rose by 246.6%, from $435K to $1.5M. In its most recent filing year (2023), Carolina College Of Biblical Studies reported a surplus of $448K, with revenue exceeding expenses. The organization holds $104K in liabilities against $3.9M in assets (debt-to-asset ratio: 2.7%), resulting in net assets of $3.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.0M | $1.5M | $3.9M | $104K | — | — |
| 2022 | $1.4M | $1.4M | $3.5M | $193K | — | View 990 |
| 2021 | $2.0M | $1.5M | $3.6M | $243K | — | — |
| 2020 | $1.5M | $1.4M | $3.3M | $509K | — | View 990 |
| 2019 | $1.5M | $1.3M | $3.2M | $472K | — | View 990 |
| 2018 | $1.3M | $1.3M | $3.1M | $575K | — | View 990 |
| 2017 | $1.7M | $1.3M | $3.0M | $498K | — | View 990 |
| 2016 | $1.5M | $1.1M | $2.2M | $192K | — | View 990 |
| 2015 | $1.7M | $1.0M | $1.6M | $16K | — | View 990 |
| 2014 | $901K | $821K | $996K | $25K | — | View 990 |
| 2013 | $845K | $667K | $862K | $16K | — | View 990 |
| 2012 | $547K | $435K | $676K | $8K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.0M, expenses of $1.5M, and assets of $3.9M (revenue +39.3% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.4M, and assets of $3.5M (revenue -28.3% year-over-year).
- 2021: Revenue of $2.0M, expenses of $1.5M, and assets of $3.6M (revenue +32.2% year-over-year).
- 2020: Revenue of $1.5M, expenses of $1.4M, and assets of $3.3M (revenue -2.4% year-over-year).
- 2019: Revenue of $1.5M, expenses of $1.3M, and assets of $3.2M (revenue +15.1% year-over-year).
- 2018: Revenue of $1.3M, expenses of $1.3M, and assets of $3.1M (revenue -22.6% year-over-year).
- 2017: Revenue of $1.7M, expenses of $1.3M, and assets of $3.0M (revenue +11.0% year-over-year).
- 2016: Revenue of $1.5M, expenses of $1.1M, and assets of $2.2M (revenue -9.4% year-over-year).
- 2015: Revenue of $1.7M, expenses of $1.0M, and assets of $1.6M (revenue +88.2% year-over-year).
- 2014: Revenue of $901K, expenses of $821K, and assets of $996K (revenue +6.6% year-over-year).
- 2013: Revenue of $845K, expenses of $667K, and assets of $862K (revenue +54.6% year-over-year).
- 2012: Revenue of $547K, expenses of $435K, and assets of $676K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Carolina College Of Biblical Studies:
Data Sources and Methodology
This transparency report for Carolina College Of Biblical Studies 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.