Association of Theological Schools

Analysis

Association of Theological Schools is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in March 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Association of Theological Schools reported income of $6.2m and spending of $7.9m, spending 126% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $13.4m to $6.2m (-53%), an average of -14% a year. The sharpest change came in the year to June 2023, when income rose by 167%. Over the whole period it spent 59% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Association of Theological Schools sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within PA. Charities of a similar size with the same main cause include Leadership Education and Athletics in Partnership Inc ($6.2m), Dayton Early College Academy Inc ($6.2m) and Legion Collegiate Academy ($6.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 28% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $484k (6.1% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $68.6m against liabilities of $368k, net assets of $68.3m. It reported 31 employees.