United Theological Seminary of the Twin Cities

Analysis

United Theological Seminary of the Twin Cities is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in June 2016, 10 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 2024, United Theological Seminary of the Twin Cities reported income of $4.7m and spending of $4.8m, spending 102% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $5.6m to $4.7m (-16%), an average of -3.5% a year. The sharpest change came in the year to June 2020, when income dropped by 33%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, United Theological Seminary of the Twin Cities sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MN. Charities of a similar size with the same main cause include Menlo Charter Properties ($4.7m), Compass School ($4.7m) and Spanish American Basic Education and Rehabilitation Inc Saber ($4.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 40% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $516k (11% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $18.7m against liabilities of $4.6m, net assets of $14.2m. It reported 58 employees.