Mid-America Baptist Theological Seminary

Analysis

Mid-America Baptist Theological Seminary is a registered charity in United States, based in Arlington, TN. It received its IRS tax-exemption ruling in September 1972, 54 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 2023, Mid-America Baptist Theological Seminary reported income of $3.4m and spending of $6.3m, spending 186% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.8m to $3.4m (-28%), an average of -8.0% a year. The sharpest change came in the year to June 2021, when income rose by 69%. Over the whole period it spent 144% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mid-America Baptist Theological 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 TN. Charities of a similar size with the same main cause include Rochester Montessori School Inc ($3.4m), Forest Ridge Academy Inc ($3.4m) and Nash ($3.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 50% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $708k (11% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $23.5m against liabilities of $3.3m, net assets of $20.2m. It reported 89 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.