Washington Theological Consortium

Analysis

Washington Theological Consortium is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in November 1971, 55 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 June 2023, Washington Theological Consortium reported income of $246k and spending of $213k, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $250k to $246k (-1.4%), an average of -0.3% a year. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Washington Theological Consortium sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 32nd percentile within DC. Charities of a similar size with the same main cause include Embark Center ($246k), Living Wisdom School of Nevada City ($246k) and Kennett Education Foundation Inc ($246k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $81k (38% of expenses). Other salaries and wages came to $35k. At year end it held assets of $593k against liabilities of $4,877, net assets of $588k. It reported 2 employees.