City Seminary of New York

Analysis

City Seminary of New York is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 2002, 24 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, City Seminary of New York reported income of $3.6m and spending of $3.9m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $3.6m (+66%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 203%. Over the whole period it spent 66% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, City Seminary of New York 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 87th percentile within NY. Charities of a similar size with the same main cause include Milwaukee Math and Science Academy Inc ($3.6m), Forrester-Davis Development Center Inc ($3.6m) and Early Childhood Development Inc ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $323k (8.3% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $22.3m against liabilities of $1.2m, net assets of $21.1m. It reported 20 employees.