Adventist Theological Society Inc

Analysis

Adventist Theological Society Inc is a registered charity in United States, based in Berrien SPRGS, MI. It received its IRS tax-exemption ruling in December 1989, 37 years ago. 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 March 2023, Adventist Theological Society Inc reported income of $204k and spending of $252k, spending 123% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income fell from $217k to $204k (-5.8%), an average of -1.5% a year. The sharpest change came in the year to March 2022, when income rose by 95%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Adventist Theological Society Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within MI. Charities of a similar size with the same main cause include A & I Housing Inc ($204k), Arizona Congress of Parents & Teach Ers ($205k) and Williamsburg Volunteer Fire Company 1 ($204k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 99% and program service revenue 1.2% of the total. At year end it held assets of $5,691 against liabilities of $2,244, net assets of $3,447.