Walking the Text FY2022 filing

Religious organization Spring Hill, TN Since 2017 EIN 82-3174462 NTEE X20
Revenue
$1.4M
▲ +25%
FY2022 · Pt VIII · Ln 12
Expenses
$773K
▼ -32%
FY2022 · Pt IX · Ln 25
Net assets
$1.9M
FY2022 · Pt X · Ln 32
To programs
69%
FY2022 · Pt IX · col B
Revenue & expenses by yearFY2020–FY2025
Revenue
$1.4M
FY2022▲ +25%
Expenses
$773K
FY2022▼ -32%

Offers Bible resources online and in person to deepen understanding of its context and teachings.

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Tax-deductible?
Yes
Per the IRS master file.
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Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
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Filing up to date?
Yes — filed FY2025
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Foundation funders?
7 funders, incl. Natl Christian Charitable Fdn INC
$453K in the latest grant year.
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Spent on programs?
69% to programs
Form 990 Part IX, latest filing.
Details →
Size and trend
$1–10M
↑ +25% vs prior year
Details →

Form 990 for the fiscal year ending December 2022 (IRS tax year 2022).


Offers Bible resources online and in person to deepen understanding of its context and teachings.

Founded
2017
Type
Religious organization · Religion
Location
Spring Hill, TN
Website
www.walkingthetext.com
Filings
6 on file (2020–2022)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →
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Figures match the IRS filing checked 9/1/26 · see original: IRS
Provided by the organization

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Where the money goes · FY2022
Where spending went · Part IX cols B–D
Program services $0.69 Management & general $0.29 Fundraising $0.01
Program efficiency
69%
of spending reaches programs
Operating runway
11.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
+46%
revenue over expenses, this year

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Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$1.9M
FY2022▲ +225%
Total liabilities
$5K
FY2022▼ -46%
Revenue less expensesPt I · Ln 19$663K
Total assetsPt X · Ln 16$1.9M
Program-expense ratioPt IX · col B69%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 44

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CWalking the Text
EINHdr · item D82-3174462
Principal addressHdr · item CSpring Hill, TN
WebsiteHdr · item Jwww.walkingthetext.com
Year of formationHdr · item L2017
State of legal domicileHdr · item MTN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFReligion (X20)
Ruling yearIRS BMFJun 2018

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President Executive Director
$135,000Pt VII · Sec A
Creative Director
$100,000Pt VII · Sec A
Content Director
$95,001Pt VII · Sec A
Finance Manager
$14,001Pt VII · Sec A
Treasurer and Vice Chair Board Member
$0Pt VII · Sec A
Chair Board Member
$0Pt VII · Sec A
Secretary Board Member
$0Pt VII · Sec A

Brad Gray’s $147K as President Executive Director is at the 76th percentile of top reported officer pay among 1636 $1–10M religion nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 7 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Brad Gray$147,267$180,367$175,000$135,000$93,000$91,000
Marcus Naugler$130,000$128,833$125,000$100,000$83,000$66,680
Bradley Nelson$96,667$128,833$125,000$95,001——
Paul Weber$113,733$16,250————
April Gaddis$65,000$42,500————
Shallon Gray$18,576$18,552$18,000$14,001$13,000$12,000
Daniel Prokop$16,250—————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

3 program services account for $536K of program spending, described in the organization's own filed words · FY2022.
01

Website content and development including weekly video teachings, website updates, podcast development, and other resource information which is available for free to users on our website. This is not a revenue generating service that we provide, rather we strive to offer the best resources on the subject of the Bible for free to…

$184Kprogram expense
02

Walking The Text provides opportunities for churches and organizations to host live events where founder/director Brad Gray, (and other Biblical teachers including Content Director Brad Nelson) speaks and teaches on the Bible.

$182Kprogram expense
03

Walking The Text provides scholarships to individuals desiring to participate in study trips to Biblical lands. This year we took one trip to Turkey and two trips to Israel. We provided 22 individuals with partial/full scholarships (totaling $91,319,57 listed below) to attend these trips.

$170Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$1.2M · 85%
Program service revenue$194K · 14%
Other revenue$23K · 2%
Contributions & grants85%$1.2M
Program service revenue14%$194K
Other revenue2%$23K
Total revenueLn 12$1.4M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.69 Management & general $0.29 Fundraising $0.01
Program services69%$536K
Management & general29%$228K
Fundraising1%$9K
Total functional expensesLn 25$773K

Balance Sheet

Part X · end of year
CashLn 1$720K
Total assetsLn 16$1.9M
Total liabilitiesLn 26$5K
Total net assetsLn 32$1.9M
Months of cash on handcomputed11.2

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $720K · Operating expenses/yr $773K
11.2 months
Where the money goes
Program services
Program services $536K · Total expenses $773K
69%
Management & General
Management & general $228K · Total expenses $773K
29%
Fundraising
Fundraising $9K · Total expenses $773K
1%
Cost to raise $1
Fundraising expense (3-yr avg) $13K · Solicited contributions (3-yr avg) $904K
$0.01 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1.2M · Total revenue $1.4M
85%
Government reliance
Government grants $0 · Total revenue $1.4M
0%
Earned-income share
Program service revenue $194K · Total revenue $1.4M
14%
Investment reliance
Investment income $0 · Total revenue $1.4M
0%
Program self-sufficiency
Program service revenue $194K · Total expenses $773K
25%
Growth & trend
Revenue growth (YoY)
This year $1.4M · Prior year $1.2M
+25%
Net-asset trend (YoY)
End of year $1.9M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.4M · Expenses $773K
+46%
Liabilities-to-Assets
Total liabilities — · Total assets $1.9M
—
Net-asset ratio
Net assets $1.9M · Total assets $1.9M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $1.9M
0%
People & payroll
Highest Reported Total Compensation
Individual Brad Gray · Reported title President Executive Director · Highest reported compensation $135K · Total expenses $773K
17%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $400K · Total expenses $773K
52%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 69%——
Overhead ratio 29%——
Fundraising cost ratio 0.7%——
Revenue growth 25%——
Investment management fee ratio 0%——
Legal fee ratio 0.2%——
Accounting fee ratio 0.04%——
Fundraising fee ratio 0%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 7 funders →
Grants paid · 5 grants · $292K · 2020–2024
Unitemized GrantFY2024$72,325
Unitemized GrantFY2023$69,651
Unitemized GrantFY2022$91,320
Unitemized GrantFY2021$19,010
Unitemized GrantFY2020$39,751

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$4.3M revenue · ⤓ 990 PDF
FY2024$1.1M revenue · ⤓ 990 PDF
FY2023$931K revenue · ⤓ 990 PDF
FY2022$1.4M revenue · viewing · ⤓ 990 PDF
FY2021$1.2M revenue · ⤓ 990 PDF
FY2020$641K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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