The Society For Biblical Studies Inc
EIN: 43358960 · Arlington, MA · NTEE: X20Z
Is The Society For Biblical Studies Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About The Society For Biblical Studies Inc
The Society For Biblical Studies Inc (EIN: 43358960) is a nonprofit organization based in Arlington, MA, classified under NTEE code X20Z. The organization reported total revenue of $276K and total assets of $311K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Society For Biblical Studies Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Society For Biblical Studies Inc is a small nonprofit that has been operating for 29 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -3.9%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $349K |
| Total Expenses | $562K |
| Surplus / Deficit | $-212,625 |
| Total Assets | $308K |
| Total Liabilities | $668K |
| Net Assets | $-359,985 |
| Operating Margin | -60.9% |
| Debt-to-Asset Ratio | 216.7% |
| Months of Reserves | 6.6 months |
Financial Health Grade: C
In 2024, The Society For Biblical Studies Inc reported a deficit of $213K with expenses exceeding revenue, holds 6.6 months of operating reserves (strong position), has a debt-to-asset ratio of 216.7% (high leverage).
Financial Trends
Over 14 years of filings (2011–2024), The Society For Biblical Studies Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -57.3% | +3.9% | -29.6% |
| 2023 | +158.5% | +63.6% | +231.2% |
| 2022 | +287.0% | +9.0% | -22.5% |
| 2021 | -84.1% | -74.4% | -48.3% |
| 2020 | -59.4% | +26.0% | -61.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7100 |
| IRS Ruling Date | 1997 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for The Society For Biblical Studies 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 The Society For Biblical Studies 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.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $213K, with expenses exceeding revenue.
- Debt-to-asset ratio: 216.7%.
Frequently Asked Questions about The Society For Biblical Studies Inc
Is The Society For Biblical Studies Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Society For Biblical Studies Inc (EIN: 43358960) insufficient data. 0 red flags identified, 0 strengths noted.
How does The Society For Biblical Studies Inc spend its money?
Detailed spending breakdown data is not yet available for The Society For Biblical Studies Inc. Check back for updated IRS 990 analysis.
Are donations to The Society For Biblical Studies Inc tax-deductible?
The Society For Biblical Studies Inc is registered as a tax-exempt nonprofit (EIN: 43358960). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for The Society For Biblical Studies Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), The Society For Biblical Studies Inc's revenue has declined by 40.1%, moving from $584K to $349K. Total assets increased by 518.8% over the same period, from $50K to $308K. Total functional expenses fell by 8.3%, from $613K to $562K. In its most recent filing year (2024), The Society For Biblical Studies Inc reported a deficit of $213K, with expenses exceeding revenue. The organization holds $668K in liabilities against $308K in assets (debt-to-asset ratio: 216.7%), resulting in net assets of $-359,985.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $349K | $562K | $308K | $668K | — | — |
| 2023 | $818K | $541K | $438K | $699K | — | View 990 |
| 2022 | $316K | $331K | $132K | $692K | — | View 990 |
| 2021 | $82K | $303K | $170K | $716K | — | View 990 |
| 2020 | $514K | $1.2M | $330K | $638K | — | View 990 |
| 2019 | $1.3M | $939K | $864K | $514K | — | View 990 |
| 2018 | $1.1M | $662K | $511K | $511K | — | View 990 |
| 2017 | $262K | $333K | $55K | $502K | — | View 990 |
| 2016 | $412K | $464K | $112K | $488K | — | View 990 |
| 2015 | $205K | $599K | $167K | $491K | — | View 990 |
| 2014 | $1.3M | $750K | $573K | $503K | — | View 990 |
| 2013 | $644K | $643K | $64K | $515K | — | View 990 |
| 2012 | $461K | $438K | $63K | $516K | — | View 990 |
| 2011 | $584K | $613K | $50K | $518K | — | — |
Year-by-Year Financial Summary
- 2024: Revenue of $349K, expenses of $562K, and assets of $308K (revenue -57.3% year-over-year).
- 2023: Revenue of $818K, expenses of $541K, and assets of $438K (revenue +158.5% year-over-year).
- 2022: Revenue of $316K, expenses of $331K, and assets of $132K (revenue +287.0% year-over-year).
- 2021: Revenue of $82K, expenses of $303K, and assets of $170K (revenue -84.1% year-over-year).
- 2020: Revenue of $514K, expenses of $1.2M, and assets of $330K (revenue -59.4% year-over-year).
- 2019: Revenue of $1.3M, expenses of $939K, and assets of $864K (revenue +14.0% year-over-year).
- 2018: Revenue of $1.1M, expenses of $662K, and assets of $511K (revenue +323.1% year-over-year).
- 2017: Revenue of $262K, expenses of $333K, and assets of $55K (revenue -36.4% year-over-year).
- 2016: Revenue of $412K, expenses of $464K, and assets of $112K (revenue +101.3% year-over-year).
- 2015: Revenue of $205K, expenses of $599K, and assets of $167K (revenue -83.9% year-over-year).
- 2014: Revenue of $1.3M, expenses of $750K, and assets of $573K (revenue +97.3% year-over-year).
- 2013: Revenue of $644K, expenses of $643K, and assets of $64K (revenue +39.9% year-over-year).
- 2012: Revenue of $461K, expenses of $438K, and assets of $63K (revenue -21.0% year-over-year).
- 2011: Revenue of $584K, expenses of $613K, and assets of $50K.
Data Sources and Methodology
This transparency report for The Society For Biblical Studies 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.