Friends of Nagoya Theological Seminary

Analysis

Friends of Nagoya Theological Seminary is a registered charity in United States, based in Bryn Mawr, PA. It received its IRS tax-exemption ruling in February 2006, 20 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 March 2024, Friends of Nagoya Theological Seminary reported income of $195k and spending of $17k, leaving 91% of income unspent that year. Across the 6 years on record, from December 2019 to March 2024, income fell from $259k to $195k (-25%), an average of -5.5% a year. The sharpest change came in the year to December 2022, when income dropped by 35%. 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, Friends of Nagoya Theological Seminary sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within PA. Charities of a similar size with the same main cause include Florida Center for Peace Inc ($195k), Sylvia Blessings Ministries ($195k) and LFJ Outreach Ministries Inc ($195k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $9,625 (57% of expenses). Other salaries and wages came to $1,235. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.