Foundation for Reformed Theology

Analysis

Foundation for Reformed Theology is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in November 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Foundation for Reformed Theology reported income of $105k and spending of $60k, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $237k to $105k (-56%), an average of -18% a year. The sharpest change came in the year to December 2022, when income dropped by 66%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Foundation for Reformed Theology 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 38th percentile within VA. Charities of a similar size with the same main cause include Michigan Student Financial Aid Association Inc ($105k), Maphairian Inc ($105k) and Twinsburg Band Boosters ($105k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% of the total. Other salaries and wages came to $9,180. At year end it held assets of $1.5m against liabilities of $641, net assets of $1.5m. It reported 1 employees.