Auburn Theological Seminary

Analysis

Auburn Theological Seminary is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 1971, 55 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Auburn Theological Seminary reported income of $3.7m and spending of $6.5m, spending 177% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $7.9m to $3.7m (-53%), an average of -17% a year. The sharpest change came in the year to June 2020, when income dropped by 52%. Over the whole period it spent 143% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Auburn Theological Seminary sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Cold Spring School Inc ($3.7m), Regeneration Schools Ohio ($3.7m) and Milestones Charter School ($3.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% and program service revenue 4.3% of the total. Compensation of current officers, directors and key employees was $468k (7.2% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $19.8m against liabilities of $2.3m, net assets of $17.5m. It reported 27 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.