Gammon Theological Seminary

Analysis

Gammon Theological Seminary is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in April 1984, 42 years ago. 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, Gammon Theological Seminary reported income of $889k and spending of $1.6m, spending 182% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $987k to $889k (-9.9%), an average of -9.9% a year. Over the whole period it spent 168% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gammon Theological Seminary sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 81st percentile within GA. Charities of a similar size with the same main cause include Bayanihan Equity Center ($889k), Crusaders Soccer League ($889k) and Concord Coalition Corp ($889k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% of the total. Compensation of current officers, directors and key employees was $110k (6.8% of expenses). Other salaries and wages came to $339k. At year end it held assets of $15.2m against liabilities of $144k, net assets of $15.0m. It reported 8 employees.