Society for Promoting Theological Education

Analysis

Society for Promoting Theological Education is a registered charity in United States, based in Dublin, NH. It received its IRS tax-exemption ruling in April 2017, 9 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Society for Promoting Theological Education reported income of $91k and spending of $188k, spending 208% of what it took in. Across the 2 years on record, from March 2022 to March 2023, income fell from $154k to $91k (-41%), an average of -41% a year. The sharpest change came in the year to March 2023, when income dropped by 41%. Over the whole period it spent 154% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Society for Promoting Theological Education sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 36th percentile within NH. Charities of a similar size with the same main cause include United Way of Butte and Anaconda ($91k), Hot Springs Memorial Hospital Foundation Inc ($91k) and General Federation of Womens Club ($91k).

At year end it held assets of $4.2m against liabilities of $0, net assets of $4.2m.