The Fund for Theological Education Inc

Analysis

The Fund for Theological Education Inc is a registered charity in United States, based in Decatur, GA. It received its IRS tax-exemption ruling in March 1956, 70 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 December 2023, The Fund for Theological Education Inc reported income of $5.8m and spending of $5.6m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $8.9m to $5.8m (-35%), an average of -10% a year. The sharpest change came in the year to December 2021, when income rose by 1373%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Fund for Theological Education Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within GA. Charities of a similar size with the same main cause include Center for Strategic and Budgetary Assessments ($5.8m), Epoch Media Midwest ($5.8m) and Great River Homes Inc ($5.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% of the total. Compensation of current officers, directors and key employees was $885k (16% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $35.5m against liabilities of $619k, net assets of $34.9m. It reported 17 employees.