Northeastern Seminary

Analysis

Northeastern Seminary is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in June 2024, 2 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, Northeastern Seminary reported income of $3.1m and spending of $2.7m, spending 89% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.9m to $3.1m (+59%), an average of +17% a year. The sharpest change came in the year to June 2023, when income rose by 26%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Northeastern Seminary sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Little Free Library Ltd ($3.1m), French American School of Denver ($3.1m) and Association of Energy Services Professionals ($3.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 51% and program service revenue 45% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $9.3m against liabilities of $2.1m, net assets of $7.2m.