Graduate Theological Foundation

Analysis

Graduate Theological Foundation is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in June 1985, 41 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Graduate Theological Foundation reported income of $453k and spending of $583k, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $836k to $453k (-46%), an average of -14% a year. The sharpest change came in the year to December 2023, when income dropped by 24%. Over the whole period it spent 116% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Graduate Theological Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within FL. Charities of a similar size with the same main cause include Ballet Theatre of Lexington Inc ($453k), Uncommon Voices Collective ($454k) and Minnesota Chorale ($453k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $245k (42% of expenses). Other salaries and wages came to $102k. At year end it held assets of $43k against liabilities of $0, net assets of $43k. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.