Washington Baptist Seminary

Analysis

Washington Baptist Seminary is a registered charity in United States, based in Mount Rainier, MD. It received its IRS tax-exemption ruling in February 2013, 13 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 August 2024, Washington Baptist Seminary reported income of $114k and spending of $139k, spending 121% of what it took in. Across the 5 years on record, from August 2019 to August 2024, income fell from $137k to $114k (-17%), an average of -4.4% a year. The sharpest change came in the year to August 2022, when income dropped by 27%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Washington Baptist Seminary sits at the 43rd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 41st percentile within MD. Charities of a similar size with the same main cause include Learning in Retirement Inc ($114k), Ray E Martin Memorial Fund ($114k) and Higley Instrumental Association ($114k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 25% and program service revenue 23% of the total. Other salaries and wages came to $63k. At year end it held assets of $1.9m against liabilities of $218k, net assets of $1.7m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.