New York Theological Education Center

Analysis

New York Theological Education Center is a registered charity in United States, based in Whitestone, NY. It received its IRS tax-exemption ruling in September 1995, 31 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, New York Theological Education Center reported income of $890k and spending of $534k, leaving 40% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $604k to $890k (+47%), an average of +10% a year. The sharpest change came in the year to September 2023, when income rose by 104%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New York Theological Education Center sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Oak Crest Private School ($890k), Jesus Chapel School ($890k) and Blue Ridge Christian School ($890k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 92% and program service revenue 3.7% of the total. Compensation of current officers, directors and key employees was $66k (12% of expenses). At year end it held assets of $1.9m against liabilities of $1.6m, net assets of $264k. It reported 4 employees.