Dallas Theological Seminary

Analysis

Dallas Theological Seminary is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in November 1941, 85 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, Dallas Theological Seminary reported income of $67.2m and spending of $59.1m, spending 88% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $52.6m to $67.2m (+28%), an average of +6.3% a year. The sharpest change came in the year to June 2022, when income rose by 20%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Dallas Theological Seminary sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include Georgetown College ($66.9m), Trinity Basin Preparatory Inc ($67.7m) and Armand Hammer United World College of the American West ($66.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 55% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $1.7m (2.9% of expenses). Other salaries and wages came to $22.9m. It paid $493k in professional fundraising fees. At year end it held assets of $155.6m against liabilities of $23.6m, net assets of $132.0m. It reported 654 employees.