Asbury Foundation for Theological Education Inc

Analysis

Asbury Foundation for Theological Education Inc is a registered charity in United States, based in Wilmore, KY. It received its IRS tax-exemption ruling in October 1989, 37 years ago. 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 2023, Asbury Foundation for Theological Education Inc reported income of $1.0m and spending of $793k, leaving 21% of income unspent that year. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Asbury Foundation for Theological Education Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within KY. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($1000k), Floyd J McCree Theatre ($1.0m) and LA Mirada RHF Housing Inc ($1000k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.2m against liabilities of $1.0m, net assets of $207k.