Greystone Theological Institute

Analysis

Greystone Theological Institute is a registered charity in United States, based in West Norriton, PA. It received its IRS tax-exemption ruling in August 2017, 9 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 August 2023, Greystone Theological Institute reported income of $172k and spending of $261k, spending 152% of what it took in. Across the 2 years on record, from August 2022 to August 2023, income fell from $249k to $172k (-31%), an average of -31% a year. The sharpest change came in the year to August 2023, when income dropped by 31%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Greystone Theological Institute sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within PA. Charities of a similar size with the same main cause include US Dairy Education and Training Consortium ($172k), Lupin Hill PFC ($172k) and Kings Music Association ($172k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 38% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $115k (44% of expenses). At year end it held assets of $188k against liabilities of $115k, net assets of $73k. It reported 5 employees.