Wesley Biblical Seminary

Analysis

Wesley Biblical Seminary is a registered charity in United States, based in Ridgeland, MS. It received its IRS tax-exemption ruling in October 1976, 50 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 June 2024, Wesley Biblical Seminary reported income of $3.4m and spending of $2.7m, spending 80% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.8m to $3.4m (+89%), an average of +17% a year. The sharpest change came in the year to June 2021, when income rose by 65%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wesley Biblical Seminary sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within MS. Charities of a similar size with the same main cause include Northwest College of Construction ($3.4m), Harbor City International Charter School ($3.4m) and Academy Prep Center of Lakeland Inc ($3.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 52% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $193k (7.1% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $7.7m against liabilities of $122k, net assets of $7.5m. It reported 37 employees.