Mid-America Reformed Seminary

Analysis

Mid-America Reformed Seminary is a registered charity in United States, based in Dyer, IN. It received its IRS tax-exemption ruling in September 1981, 45 years ago. 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 June 2024, Mid-America Reformed Seminary reported income of $4.4m and spending of $3.0m, leaving 32% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $3.9m to $4.4m (+15%), an average of +3.5% a year. The sharpest change came in the year to June 2021, when income dropped by 18%. Over the whole period it spent 67% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mid-America Reformed Seminary sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within IN. Charities of a similar size with the same main cause include Foundation School Incorporated ($4.4m), Planned Lifetime Assistance Network of Massachusetts Inc ($4.4m) and Providence House Inc ($4.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 81% and program service revenue 5.6% of the total. Compensation of current officers, directors and key employees was $171k (5.6% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $13.9m against liabilities of $1.3m, net assets of $12.6m. It reported 35 employees.