Midwest College of Theology International Inc

Analysis

Midwest College of Theology International Inc is a registered charity in United States, based in Iberia, MO. It received its IRS tax-exemption ruling in September 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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 College of Theology International Inc reported income of $104k and spending of $104k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $221k to $104k (-53%), an average of -17% a year. The sharpest change came in the year to December 2021, when income dropped by 38%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Midwest College of Theology International Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 35th percentile within MO. Charities of a similar size with the same main cause include Needville Education Foundation Inc ($104k), Nightcourt ($104k) and Illinois Youth Dance Theatre Inc ($104k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $252 against liabilities of $0, net assets of $252.

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.