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Filing year 2023

FAITH SCHOOL OF THEOLOGY

Charleston, Maine·EIN 01-0377494·3
Total revenue
$1.9M
Total assets
$4M
Total expenses
$2.1M
Reported officers
10
Mission

FAITH'S PURPOSE IS TO MENTOR STUDENTS FOR SPIRIT-FILLED LEADERSHIP IN MINISTRY, IN LIGHT OF THE GREAT COMMISSION. WHILE ACADEMICS ARE IMPORTANT, THE CLASSROOMS ARE NOT THE ONLY LEARNING PLACE. THROUGH A COMBINATION OF FORMAL INSTRUCTION, CHAPEL SERVICES, PRACTICAL EXPERIENCE, PERSONAL INTERACTION, AND DISCIPLESHIP, FAITH AIMS TO DEVELOP THE INNER MAN. FAITH'S PURPOSE IS TO PRODUCE SPIRIT-FILLED LEADERS. AT FAITH, THE BIBLE IS THE CHIEF TEXTBOOK AND JESUS IS THE SOVEREIGN LORD. SPECIAL EMPHASIS IS PLACE UPON THE STUDENT'S RELATIONSHIP WITH GOD AND THE SANCTIFYING PROCESS WHICH OCCURS IN THE BELIEVER'S HEART. A CONSTANT SPIRIT OF REVIVAL PERVADES THE ATMOSPHERE. THE NAME OF JESUS CHRIST IS MAGNIFIED. THE HOLY SPIRIT IS INVITED TO INTERRUPT THE DAILY ROUTINE AT ANY TIME.

Executive compensation

Form 990 · Schedule J · 1 reported individual · Filing year 2023

$42k
$46k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 9 unpaid individuals.

Up 29%
from 2022

From $32k in 2022 to $42k in 2023.

$32k
2022
$42k
2023
In today's dollarsEst.
Up 25% in real terms$37k to $46k

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

FAITH SCHOOL OF THEOLOGY reported revenue and expenses across 2 filing years.

RevenueExpenses
$1.6M
$1.9M
2022
$1.9M
$2.1M
2023
Total revenue and total expenses from IRS Form 990 filings.
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