Midwest Theological Forum Inc

Analysis

Midwest Theological Forum Inc is a registered charity in United States, based in Downers Grove, IL. It received its IRS tax-exemption ruling in June 1995, 31 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Midwest Theological Forum Inc reported income of $1.1m and spending of $1.1m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $1.1m (-30%), an average of -8.6% a year. The sharpest change came in the year to December 2023, when income dropped by 19%. Over the whole period it spent 74% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Midwest Theological Forum Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within IL. Charities of a similar size with the same main cause include Calvary Chapel of Brownsville ($1.1m), Mamre Inc ($1.1m) and Greater St John Bible Church ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% of the total. Compensation of current officers, directors and key employees was $214k (20% of expenses). Other salaries and wages came to $79k. At year end it held assets of $10.3m against liabilities of $53k, net assets of $10.2m. It reported 11 employees.