Irbs Theological Seminary

Analysis

Irbs Theological Seminary is a registered charity in United States, based in Mansfield, TX. It received its IRS tax-exemption ruling in June 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Irbs Theological Seminary reported income of $540k and spending of $420k, leaving 22% of income unspent that year. Across the 6 years on record, from June 2018 to June 2023, income fell from $600k to $540k (-10.0%), an average of -2.1% a year. The sharpest change came in the year to June 2022, when income rose by 28%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Irbs Theological Seminary sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 76th percentile within TX. Charities of a similar size with the same main cause include Cathedral Oak Academy ($540k), Bounce Back Generation Inc ($540k) and Leap Learning Systems ($540k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 6.6% of the total. Other salaries and wages came to $251k. At year end it held assets of $678k against liabilities of $7,786, net assets of $670k. It reported 5 employees.