Holy Apostles College & Seminary

Analysis

Holy Apostles College & Seminary is a registered charity in United States, based in Cromwell, CT. It received its IRS tax-exemption ruling in March 1946, 80 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, Holy Apostles College & Seminary reported income of $5.7m and spending of $6.5m, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.6m to $5.7m (+61%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 94%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Holy Apostles College & Seminary sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within CT. Charities of a similar size with the same main cause include Constellation Schools Elyria Community Elementary ($5.7m), Eastern Cleveland Drop Back in ($5.7m) and Tessellations ($5.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.1% and program service revenue 90% of the total. Other salaries and wages came to $2.2m. At year end it held assets of $16.6m against liabilities of $848k, net assets of $15.7m. It reported 66 employees.