Rabbi Isaac Elchanan Theological Seminary

Analysis

Rabbi Isaac Elchanan Theological Seminary is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 1973, 53 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, Rabbi Isaac Elchanan Theological Seminary reported income of $23.0m and spending of $18.2m, leaving 21% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $21.0m to $23.0m (+9.6%), an average of +2.3% a year. The sharpest change came in the year to June 2021, when income rose by 65%. Over the whole period it spent 74% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rabbi Isaac Elchanan Theological Seminary sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Ivy Tech Foundation Inc ($23.0m), Dollar General Literacy Foundation ($23.1m) and Oakland City University ($23.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 23% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $276k (1.5% of expenses). Other salaries and wages came to $4.4m. At year end it held assets of $136.6m against liabilities of $2.2m, net assets of $134.4m. It reported 64 employees.