Theological Seminary of New York Inc

Analysis

Theological Seminary of New York Inc is a registered charity in United States, based in Jamaica, NY. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Theological Seminary of New York Inc reported income of $60k and spending of $43k, leaving 29% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $22k to $60k (+171%), an average of +65% a year. The sharpest change came in the year to December 2022, when income rose by 190%. Over the whole period it spent 70% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Theological Seminary of New York Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 25th percentile within NY. Charities of a similar size with the same main cause include Christ Centered Solutions Inc ($60k), Violet New Birth Ministries Church of God in Christ ($60k) and Catholic Cast Media Inc ($60k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 52% of the total. Other salaries and wages came to $11k. At year end it held assets of $52k against liabilities of $592, net assets of $52k. It reported 4 employees.