Reformed Theological Seminary

Analysis

Reformed Theological Seminary is a registered charity in United States, based in Jackson, MS. It received its IRS tax-exemption ruling in December 1964, 62 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 May 2023, Reformed Theological Seminary reported income of $31.2m and spending of $29.5m, spending 94% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $22.7m to $31.2m (+38%), an average of +8.3% a year. The sharpest change came in the year to May 2020, when income rose by 18%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Reformed Theological Seminary sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within MS. Charities of a similar size with the same main cause include Guadalupe Educational Systems Inc ($31.2m), Pacific Ridge School ($31.2m) and Heritage University ($31.1m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 36% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $1.4m (4.9% of expenses). Other salaries and wages came to $10.0m. At year end it held assets of $122.2m against liabilities of $4.7m, net assets of $117.5m. It reported 369 employees.