Alternative Seminary

Analysis

Alternative Seminary is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in February 2016, 10 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, Alternative Seminary reported income of $80k and spending of $93k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $56k to $80k (+43%), an average of +9.4% a year. The sharpest change came in the year to December 2021, when income rose by 328%. Over the whole period it spent 145% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Alternative Seminary sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 30th percentile within TN. Charities of a similar size with the same main cause include Leto Foundation ($80k), Giac Ngan Monastery ($80k) and Rahab Refuge Ministries Inc ($80k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $23k (25% of expenses). At year end it held assets of $99k against liabilities of $102k, net assets of -$2,684. It reported 2 employees.