Gordon Conwell Theological Seminary Inc

Analysis

Gordon Conwell Theological Seminary Inc is a registered charity in United States, based in S Hamilton, MA. It received its IRS tax-exemption ruling in May 1970, 56 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, Gordon Conwell Theological Seminary Inc reported income of $28.8m and spending of $30.6m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $31.1m to $28.8m (-7.1%), an average of -1.8% a year. The sharpest change came in the year to June 2020, when income rose by 19%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gordon Conwell Theological Seminary Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within MA. Charities of a similar size with the same main cause include Christel House Academy Inc ($28.8m), New Foundations Charter School ($28.9m) and Saga Innovations ($28.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 28% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $412k (1.3% of expenses). Other salaries and wages came to $10.5m. It paid $13k in professional fundraising fees. At year end it held assets of $107.4m against liabilities of $13.3m, net assets of $94.1m. It reported 484 employees.