Soteriology 101

Analysis

Soteriology 101 is a registered charity in United States, based in Garland, TX. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, Soteriology 101 reported income of $182k and spending of $174k, spending 96% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $149k to $182k (+22%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Soteriology 101 sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 55th percentile within TX. Charities of a similar size with the same main cause include Billy Walker Evangelistic Association ($182k), Still Mind Zendo ($182k) and Friends of the Poor Aka Ban Nguoi Ngheo Inc ($182k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.5% of the total. At year end it held assets of $72k against liabilities of $446, net assets of $72k.