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Indiana · Nonprofit

Ratio Christi Inc

Ratio Christi Inc (Indiana) receives grants from 34 organizations whose IRS filings report $3,739,960 to it, the largest being THE CASON FOUNDATION ($895,000). 23 of them have funded it in more than one year.

Revenue FY2025
$4.5M
Funders on record
34
Grants received
$3.7M
Net assets
$1.8M
23/34 repeat funderspeak grant-dependency 17%
01What it does

What Ratio Christi Inc does

Mission

Ratio Christi Latin for the reason of Christ equips university students and faculty to give historical philosophical and scientific reasons for following Jesus Christ. Bringing together faith and reason in order to establish the intellectual voice of Christ in the university Ratio Christi is placing Christian apologetics clubs at universities.

As stated on its FY2025 Form 990.

Programs

  1. Ratio Christis University Campus Ministry: During The Year From July 2024 through June 2025 Our collegiate ministry ended the year with 100 active chapters serving students and faculty. Our chapters range in size from 5 to over 50 with a typical viable chapter finishing its launch phase having a dozen in weekly attendance and impacting many other students on the campus. Several chapters held large events with special keynote speakers ranging from 250-3000 in attendance making a significant impact on their campus. Our outreach to PhD and graduate students has also been increasing. Two key staff members were added with a new Director of Advancement and a new Director of International Ministries. Our chapter director apprenticeship program was very effective this year with six passionate interns getting a real taste of ministry while considering a potential call to vocational ministry - several interns did decide to join Ratio Christi.

    $3,399,783 spent$1,772 earned by the program
    100% of program spending
  2. Not described on the e-filed return.

    $0 spent
    0% of program spending
  3. Not described on the e-filed return.

    $0 spent
    0% of program spending
  4. Other program services, not described on the e-filed return.

    $0 spent
    0% of program spending

The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $3,399,783.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($2.5M) Expenses 100 ($2.4M) Net assets 100 ($420k)2018 Revenue 110 ($2.8M) Expenses 99 ($2.4M) Net assets 210 ($880k)2020 Revenue 108 ($2.7M) Expenses 108 ($2.6M) Net assets 262 ($1.1M)2021 Revenue 125 ($3.2M) Expenses 112 ($2.7M) Net assets 376 ($1.6M)2022 Revenue 134 ($3.4M) Expenses 135 ($3.2M) Net assets 421 ($1.8M)2023 Revenue 151 ($3.8M) Expenses 165 ($3.9M) Net assets 394 ($1.7M)2024 Revenue 170 ($4.3M) Expenses 179 ($4.3M) Net assets 403 ($1.7M)2025 Revenue 179 ($4.5M) Expenses 187 ($4.5M) Net assets 422 ($1.8M)
'17'18'20'21'22'23'24'25
Revenue (179)Expenses (187)Net assets (422)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $1.1M to $1.6M (+45%).

$435k
$907k
$1.1M
$1.6M
$1.8M
$1.7M
$1.7M
$1.8M
'17'18'20'21'22'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

98% of Ratio Christi Inc’s revenue is contributions — more donation-reliant than the typical peer (90% for the typical peer).

This organization
Typical peer · 2,735 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 8 reported years ran a deficit.

$144k
’17
$442k
’18
$148k
’20
$480k
’21
$190k
’22
−$116k
’23
$39k
’24
$78k
’25
0.8
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Corey Miller

President CEO

Board chair

Paul Tseng

Board Chairman

As listed on its FY2025 Form 990.

2017201820202021202220242025
Listed13131315131313
Joined·+1·+3+0·+6
No longer listed·1·12·6
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 7 funders to 13 funders, grant income rose $290k → $515k.

11 of 34 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 40% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of Ratio Christi Inc’s funders (the co-funder graph). Top 30 of 34 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

Ratio Christi Inc has a broad base — no single funder exceeds 24% of grant income, and it takes 3 funders to reach half.

the vertical line marks half of all grant income — 3 funders to its left

40% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund Ratio Christi Inc.

24%
largest funder
56%
top three
~7
effective funders

Largest funder’s share by year: 2017 48% · 2018 43% · 2019 47% · 2020 41% · 2021 36% · 2022 27% · 2023 29% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

53% of Ratio Christi Inc's funders are still giving 3 years after their first grant; 68% give in more than one year at all.

first grant+1y+2y+3y+4y+5y+6y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

Ratio Christi Inc draws 99% of its grant income from funders outside Indiana, across 17 states in all.

WA
IL
WI
MI
NY
IN
OH
UT
CO
KY
VA
DE
TN
NC
LA
TX
FL

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
Indiana out of state home

Funder states come from each funder’s own filing. $1.5M arriving through sponsors registered in 9 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

Ratio Christi Inc's funding base is broadening — from 7 funders to 13 as grant income climbed.

Operating margin2% · below the median
Months of reserve0.8mo · bottom quartile
Revenue growth (annualized)8% · below the median

this organization peer median middle 50% of peers· 1,211 religion nonprofits $1M–$10M, FY2025

Organizations like Ratio Christi Inc

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Indiana

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

79% of spending goes to programs.

Program 79%Management 16%Fundraising 4%

Governance

13
board members
92%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990–Audited financials

Public support

99%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Screen this organization

A dated, signed PDF of the compliance screen for Ratio Christi Inc: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds Ratio Christi Inc?
Ratio Christi Inc (Indiana) receives grants from 34 organizations whose IRS filings report $3,739,960 to it, the largest being THE CASON FOUNDATION ($895,000). 23 of them have funded it in more than one year.
How many funders does Ratio Christi Inc have?
IRS filings report 34 organizations giving $3,739,960 in grants to Ratio Christi Inc, 23 of which have funded it in more than one year.
Who is the largest funder of Ratio Christi Inc?
THE CASON FOUNDATION is the largest funder on record, with $895,000 in grants. The full list of funders is on this page.
How can an organization like Ratio Christi Inc find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Indiana. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Ratio Christi →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 34 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing