Calvin Theological Seminary

Analysis

Calvin Theological Seminary is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in June 1993, 33 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 June 2022, Calvin Theological Seminary reported income of $13.5m and spending of $10.7m, leaving 20% of income unspent that year. Across the 4 years on record, from June 2019 to June 2022, income fell from $15.1m to $13.5m (-11%), an average of -3.7% a year. The sharpest change came in the year to June 2021, when income rose by 72%. Over the whole period it spent 65% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Calvin Theological Seminary sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within MI. Charities of a similar size with the same main cause include Luria Academy of Brooklyn ($13.5m), Sme Education Foundation ($13.5m) and Braination Inc ($13.5m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 62% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $430k (4.0% of expenses). Other salaries and wages came to $4.1m. At year end it held assets of $78.9m against liabilities of $2.0m, net assets of $76.9m. It reported 119 employees.