Interdenominational Theological Center Inc

Analysis

Interdenominational Theological Center Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in May 1975, 51 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Interdenominational Theological Center Inc reported income of $6.4m and spending of $8.6m, spending 134% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $6.9m to $6.4m (-6.4%), an average of -1.6% a year. The sharpest change came in the year to June 2021, when income rose by 67%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Interdenominational Theological Center Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within GA. Charities of a similar size with the same main cause include Goodwill Industries of Ashtabula Inc ($6.4m), Worcester Comprehensive Child Care Services Inc ($6.4m) and Lifes Work of Western Pa ($6.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 43% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $514k (6.0% of expenses). At year end it held assets of $15.4m against liabilities of $7.0m, net assets of $8.3m.