Stegall Seminary Scholarshipendowment Foundation

Analysis

Stegall Seminary Scholarshipendowment Foundation is a registered charity in United States, based in Montgomery, AL. It received its IRS tax-exemption ruling in August 2007, 19 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 December 2023, Stegall Seminary Scholarshipendowment Foundation reported income of $649k and spending of $537k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $954k to $649k (-32%), an average of -9.2% a year. The sharpest change came in the year to December 2021, when income dropped by 26%. Over the whole period it spent 71% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Stegall Seminary Scholarshipendowment Foundation 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 74th percentile, and in the 77th percentile within AL. Charities of a similar size with the same main cause include Friends of Utah County Childrens Justice Center ($648k), Jackson Charitable Foundation Inc ($649k) and Tim Robnett Ministries ($648k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $8.0m against liabilities of $0, net assets of $8.0m.