Foundation for Theological Education

Analysis

Foundation for Theological Education is a registered charity in United States, based in The Woodlands, TX. It received its IRS tax-exemption ruling in October 1991, 35 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, Foundation for Theological Education reported income of $1.1m and spending of $221k, leaving 80% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $971k to $1.1m (+12%), an average of +2.9% a year. The sharpest change came in the year to December 2023, when income rose by 220%. Over the whole period it spent 35% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Foundation for Theological Education sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within TX. Charities of a similar size with the same main cause include Ingage Ministries Corp ($1.1m), Dbi Partnership Inc ($1.1m) and St Paul Methodist Church Memorial Fund Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% of the total. At year end it held assets of $5.0m against liabilities of $293k, net assets of $4.7m.