Society for the Advancement of Ecclesial Theology

Analysis

Society for the Advancement of Ecclesial Theology is a registered charity in United States, based in Oak Park, IL. It received its IRS tax-exemption ruling in March 2009, 17 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Society for the Advancement of Ecclesial Theology reported income of $581k and spending of $844k, spending 145% of what it took in. Across the 5 years on record, from December 2019 to June 2023, income grew from $479k to $581k (+21%), an average of +4.9% a year. The sharpest change came in the year to June 2022, when income rose by 102%. Over the whole period it spent 112% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Society for the Advancement of Ecclesial Theology sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within IL. Charities of a similar size with the same main cause include Faith Community Television Inc ($580k), Phap Vu Buddhist Cultural Centre of Florida Inc ($581k) and Voice of Gospel Ministries International ($580k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $187k (22% of expenses). Other salaries and wages came to $203k. At year end it held assets of $815k against liabilities of $1.0m, net assets of -$191k. It reported 6 employees.