Chafer Theological Seminary

Analysis

Chafer Theological Seminary is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in January 2005, 21 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 December 2023, Chafer Theological Seminary reported income of $362k and spending of $443k, spending 122% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $217k to $362k (+67%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 41%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Chafer 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 65th percentile, and in the 63rd percentile within NM. Charities of a similar size with the same main cause include Loft US ($362k), Miner Foundation ($362k) and Brandon Valley Band Parents Inc ($362k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $42k (9.6% of expenses). Other salaries and wages came to $60k. At year end it held assets of $542k against liabilities of $8,609, net assets of $533k.