Central Baptist Theological Seminary

Analysis

Central Baptist Theological Seminary is a registered charity in United States, based in Plymouth, MN. It received its IRS tax-exemption ruling in June 1964, 62 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Central Baptist Theological Seminary reported income of $1.3m and spending of $1.5m, spending 117% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $1.5m to $1.3m (-10.0%), an average of -2.6% a year. The sharpest change came in the year to June 2023, when income rose by 69%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Central Baptist Theological Seminary sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MN. Charities of a similar size with the same main cause include DC Center for Independent Living Inc ($1.3m), Irvine Swim League Inc a California Non Profit Mutual Benefit Corp ($1.3m) and Johnston Memorial Hospital Foundation ($1.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 70% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $53k (3.5% of expenses). Other salaries and wages came to $954k. At year end it held assets of $6.0m against liabilities of $47k, net assets of $6.0m. It reported 17 employees.