Urbana Theological Seminary

Analysis

Urbana Theological Seminary is a registered charity in United States, based in Champaign, IL. It received its IRS tax-exemption ruling in March 1995, 31 years ago. Its declared purposes cover education, which this site groups under education and training. 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 July 2023, Urbana Theological Seminary reported income of $480k and spending of $518k, spending 108% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income grew from $343k to $480k (+40%), an average of +8.8% a year. The sharpest change came in the year to July 2020, when income rose by 591%. Over the whole period it spent 50% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Urbana Theological Seminary sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within IL. Charities of a similar size with the same main cause include Foundation for Baltimore County Public Library Inc ($480k), Eei Support Corporation ($480k) and Great Sso Inc ($480k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 38% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $65k (13% of expenses). Other salaries and wages came to $216k. At year end it held assets of $2.2m against liabilities of $87k, net assets of $2.1m. It reported 16 employees.