American Theological Library Assoc

Analysis

American Theological Library Assoc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 1960, 66 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, American Theological Library Assoc reported income of $8.4m and spending of $7.6m, spending 91% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $7.4m to $8.4m (+12%), an average of +3.0% a year. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, American Theological Library Assoc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within IL. Charities of a similar size with the same main cause include Fannie and John Hertz Foundation ($8.4m), Concilio de Organizaciones Hispanas ($8.4m) and Clinton County Community Action Program Inc Clinton ($8.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 2.6% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $862k (11% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $19.3m against liabilities of $6.9m, net assets of $12.5m. It reported 46 employees.