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Theology Matters

RegisteredEIN 54-1738641Due West, SCReligion
Income$318k2023-12
Spending$261ksame year
Spent / received35%3-year average
Size in its cause76th pctReligion
Exempt since1995Publicly supported organisat
Employees2latest return

Analysis

Theology Matters is a registered charity in United States, based in Due West, SC. It received its IRS tax-exemption ruling in September 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Theology Matters reported income of $318k and spending of $261k, spending 82% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $230k to $318k (+39%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 421%. Over the whole period it spent 35% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Theology Matters sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 67th percentile within SC. Charities of a similar size with the same main cause include Northwind Theological Seminary ($318k), Hovsepian Ministries Inc ($318k) and Msaada Architects Inc ($318k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $137k (52% of expenses). At year end it held assets of $1.3m against liabilities of $3,783, net assets of $1.3m. It reported 2 employees.

Income and spending

$0$299k$597k$896k$1.2m2021 Income: $229,5112021 Spending: $164,24520212022 Income: $1,194,8702022 Spending: $177,17420222023 Income: $318,1852023 Spending: $260,9492023
IncomeSpending

Where the income comes from

  • Contributions & grants 76%
  • Program services 13%
  • Other 11%

Similar-sized charities, same cause

CharityLocationIncome
Northwind Theological SeminarySarasota$318k
Hovsepian Ministries IncBurbank$318k
Msaada Architects IncFindlay$318k
Sheryl Brady Ministries IncFrisco$318k