BSK Theological Seminary Inc

Analysis

BSK Theological Seminary Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in August 2000, 26 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 July 2023, BSK Theological Seminary Inc reported income of $829k and spending of $1.3m, spending 158% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income fell from $906k to $829k (-8.5%), an average of -2.2% a year. The sharpest change came in the year to July 2022, when income rose by 59%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, BSK Theological Seminary Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within KY. Charities of a similar size with the same main cause include Faith Christian Academy of Waynesboro Incorporated ($829k), Amigos de Santa Cruz Foundation ($829k) and Rural Health Projects Inc ($829k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 73% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $71k (5.5% of expenses). Other salaries and wages came to $785k. At year end it held assets of $3.2m against liabilities of $513k, net assets of $2.7m. It reported 17 employees.