Graduate Theological Union

Analysis

Graduate Theological Union is a registered charity in United States, based in Berkeley, CA. It received its IRS tax-exemption ruling in May 1964, 62 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, Graduate Theological Union reported income of $7.1m and spending of $12.6m, spending 176% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.1m to $7.1m (+1.3%), an average of +0.3% a year. The sharpest change came in the year to June 2023, when income dropped by 23%. Over the whole period it spent 143% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Graduate Theological Union sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Denver Waldorf School Assn ($7.1m), Evergreen Country Day School Inc ($7.1m) and Hamilton Park Montessori School a New Jersey Non Profit Corporation ($7.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 27% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $896k (7.1% of expenses). Other salaries and wages came to $4.5m. At year end it held assets of $66.3m against liabilities of $6.7m, net assets of $59.6m. It reported 111 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.