Faith School Of Theology
Faith School Of Theology shows consistent asset growth and zero officer compensation despite recent operating deficit.
EIN: 10377494 · Charleston, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.0M |
| Total Expenses | $1.9M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $4 |
| Net Assets | $2.9M |
| Transparency Score | 85/100 |
Is Faith School Of Theology Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Faith School Of Theology directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Faith School Of Theology
Faith School Of Theology (EIN: 10377494) is a nonprofit organization based in Charleston, ME. The organization reported total revenue of $3.0M and total assets of $4.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Faith School Of Theology's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Faith School Of Theology is a mid-size nonprofit that has been operating for 43 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 12.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6M |
| Total Expenses | $1.9M |
| Surplus / Deficit | $-329,668 |
| Total Assets | $3.8M |
| Total Liabilities | $926K |
| Net Assets | $2.9M |
| Operating Margin | -20.6% |
| Debt-to-Asset Ratio | 24.5% |
| Months of Reserves | 23.5 months |
Financial Health Grade: B
In 2023, Faith School Of Theology reported a deficit of $330K with expenses exceeding revenue, holds 23.5 months of operating reserves (strong position), has a debt-to-asset ratio of 24.5% (moderate leverage).
Financial Trends
Over 10 years of filings (2014–2023), Faith School Of Theology's revenue has grown at a compound annual growth rate (CAGR) of 12.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.4% | +29.8% | -2.8% |
| 2022 | -34.0% | -4.8% | +3.3% |
| 2021 | +70.4% | +15.9% | +31.0% |
| 2020 | +13.2% | +25.3% | +9.9% |
| 2019 | +40.8% | +28.7% | +5.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 1983 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Faith School Of Theology with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Faith School Of Theology allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $330K, with expenses exceeding revenue.
- Debt-to-asset ratio: 24.5%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is highly unusual for an organization of its size with assets nearing $4 million and annual revenues exceeding $1.5 million, suggesting either a volunteer-led executive team or compensation being reported under different categories, which could impact transparency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Faith School Of Theology's IRS 990 filings:
- Consistent 0% officer compensation for an organization of this size, which may obscure actual leadership compensation or indicate reliance on external support.
- Operating deficit in the most recent filing period (202305), with expenses exceeding revenue by $329,668.
Strengths
The following positive indicators were identified for Faith School Of Theology:
- Strong and consistent growth in assets over the past decade, from $2,208,773 in 2014 to $3,781,923 in 2023.
- Significant revenue growth over the long term, from $564,277 in 2014 to $1,598,096 in 2023 (latest period).
- Implied high program spending efficiency due to reported 0% officer compensation, suggesting resources are directed towards mission.
Frequently Asked Questions about Faith School Of Theology
Is Faith School Of Theology a legitimate charity?
Based on AI analysis of IRS 990 filings, Faith School Of Theology (EIN: 10377494) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Faith School Of Theology spend its money?
Faith School Of Theology directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Faith School Of Theology tax-deductible?
Faith School Of Theology is registered as a tax-exempt nonprofit (EIN: 10377494). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Faith School Of Theology CEO make?
Faith School Of Theology's highest-compensated officer earns $4 annually. The organization reported $3.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Faith School Of Theology's spending goes to programs?
Faith School Of Theology directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Faith School Of Theology located?
Faith School Of Theology is headquartered in Charleston, Maine and files with the IRS under EIN 10377494.
How many years of IRS 990 filings does Faith School Of Theology have?
Faith School Of Theology has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $3.0M in total revenue.
How does Faith School Of Theology sustain operations with 0% officer compensation?
The filings consistently show 0% officer compensation, which suggests that executive leadership may be entirely volunteer-based or compensated through other means not categorized as officer compensation, such as through a related entity or as general staff, which would require further investigation to fully understand.
What caused the operating deficit in the 202305 period?
In the 202305 period, expenses ($1,927,764) exceeded revenue ($1,598,096) by $329,668. The specific causes of this deficit are not detailed in the summary data provided but could be due to increased program costs, administrative overhead, or one-time expenditures.
What is the trend in the organization's liabilities?
Liabilities have generally increased over the past decade, from $152,539 in 2014 to $926,441 in 2023. While assets have also grown significantly, this upward trend in liabilities should be monitored to ensure financial stability.
Filing History
IRS 990 filing history for Faith School Of Theology showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), Faith School Of Theology's revenue has grown by 183.2%, moving from $564K to $1.6M. Total assets increased by 71.2% over the same period, from $2.2M to $3.8M. Total functional expenses rose by 176%, from $699K to $1.9M. In its most recent filing year (2023), Faith School Of Theology reported a deficit of $330K, with expenses exceeding revenue. The organization holds $926K in liabilities against $3.8M in assets (debt-to-asset ratio: 24.5%), resulting in net assets of $2.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.6M | $1.9M | $3.8M | $926K | — | View 990 |
| 2022 | $1.5M | $1.5M | $3.9M | $686K | — | View 990 |
| 2021 | $2.3M | $1.6M | $3.8M | $541K | — | — |
| 2020 | $1.4M | $1.3M | $2.9M | $483K | — | View 990 |
| 2019 | $1.2M | $1.1M | $2.6M | $245K | — | View 990 |
| 2018 | $854K | $835K | $2.5M | $234K | — | View 990 |
| 2017 | $787K | $783K | $2.4M | $193K | — | View 990 |
| 2016 | $659K | $727K | $2.4M | $234K | — | View 990 |
| 2015 | $575K | $713K | $2.4M | $175K | — | View 990 |
| 2014 | $564K | $699K | $2.2M | $153K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.6M, expenses of $1.9M, and assets of $3.8M (revenue +4.4% year-over-year).
- 2022: Revenue of $1.5M, expenses of $1.5M, and assets of $3.9M (revenue -34.0% year-over-year).
- 2021: Revenue of $2.3M, expenses of $1.6M, and assets of $3.8M (revenue +70.4% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.3M, and assets of $2.9M (revenue +13.2% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.1M, and assets of $2.6M (revenue +40.8% year-over-year).
- 2018: Revenue of $854K, expenses of $835K, and assets of $2.5M (revenue +8.6% year-over-year).
- 2017: Revenue of $787K, expenses of $783K, and assets of $2.4M (revenue +19.4% year-over-year).
- 2016: Revenue of $659K, expenses of $727K, and assets of $2.4M (revenue +14.7% year-over-year).
- 2015: Revenue of $575K, expenses of $713K, and assets of $2.4M (revenue +1.9% year-over-year).
- 2014: Revenue of $564K, expenses of $699K, and assets of $2.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Faith School Of Theology:
Data Sources and Methodology
This transparency report for Faith School Of Theology is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.