Brite Divinity School

Analysis

Brite Divinity School is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in July 1935, 91 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Brite Divinity School reported income of $17.4m and spending of $8.7m, leaving 50% of income unspent that year. Across the 5 years on record, from May 2019 to May 2023, income grew from $10.6m to $17.4m (+64%), an average of +13% a year. The sharpest change came in the year to May 2023, when income rose by 58%. Over the whole period it spent 70% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Brite Divinity School sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include Angelo State University Foundation Inc ($17.4m), Covenant Knights School ($17.5m) and Manhattan Star Academy ($17.4m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 29% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $843k (9.6% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $127.6m against liabilities of $3.2m, net assets of $124.4m. It reported 69 employees.