Charlotte Christian College and Theological Seminary

Analysis

Charlotte Christian College and Theological Seminary is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in June 1998, 28 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 June 2023, Charlotte Christian College and Theological Seminary reported income of $1.0m and spending of $1.3m, spending 128% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $775k to $1.0m (+34%), an average of +7.7% a year. The sharpest change came in the year to June 2021, when income rose by 92%. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Charlotte Christian College and Theological Seminary sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within NC. Charities of a similar size with the same main cause include El Shalom ($1.0m), Voice of Hope Ministries ($1.0m) and American Zionist Movement Inc ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.1% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $101k (7.6% of expenses). Other salaries and wages came to $682k. At year end it held assets of $2.2m against liabilities of $387k, net assets of $1.8m. It reported 44 employees.