Sola Scriptura College and Seminary

Analysis

Sola Scriptura College and Seminary is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in September 2015, 11 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 December 2023, Sola Scriptura College and Seminary reported income of $96k and spending of $64k, leaving 33% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $57k to $96k (+67%), an average of +67% a year. The sharpest change came in the year to December 2023, when income rose by 67%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sola Scriptura College and Seminary sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 37th percentile within IL. Charities of a similar size with the same main cause include Maxmath Tutoring Online Inc Texas Branch ($96k), Cleveland Jobs with Justice ($96k) and Madison County Education Foundation Incorporated ($96k).

At year end it held assets of $42k against liabilities of $0, net assets of $42k.