Pillar Seminary

Analysis

Pillar Seminary is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in January 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 July 2022, Pillar Seminary reported income of $627k and spending of $498k, leaving 21% of income unspent that year. Across the 5 years on record, from July 2018 to July 2022, income grew from $222k to $627k (+183%), an average of +30% a year. The sharpest change came in the year to July 2019, when income rose by 68%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pillar Seminary sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within NE. Charities of a similar size with the same main cause include G M I L C S Inc ($627k), Lily Creek Farms ($627k) and Northern Voices ($627k).

On its Form 990 for the period ending July 2022, revenue came from contributions and grants 57% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $60k (12% of expenses). Other salaries and wages came to $246k. At year end it held assets of $236k against liabilities of $0, net assets of $236k. It reported 8 employees.