Indianapolis Theological Seminary

Analysis

Indianapolis Theological Seminary is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in March 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. 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 August 2023, Indianapolis Theological Seminary reported income of $742k and spending of $788k, spending 106% of what it took in. Across the 4 years on record, from August 2019 to August 2023, income grew from $364k to $742k (+104%), an average of +27% a year. The sharpest change came in the year to August 2022, when income rose by 70%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Indianapolis Theological Seminary sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within IN. Charities of a similar size with the same main cause include Flanbwayan Haitian Literacy Project ($741k), Snow Lion Preschool ($742k) and Starthrower Group ($741k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 80% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $114k (14% of expenses). Other salaries and wages came to $416k. At year end it held assets of $873k against liabilities of $126k, net assets of $748k. It reported 9 employees.