Baptist Missionary Association Theological Seminary

Analysis

Baptist Missionary Association Theological Seminary is a registered charity in United States, based in Jacksonville, TX. It received its IRS tax-exemption ruling in December 1960, 66 years ago. 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 2024, Baptist Missionary Association Theological Seminary reported income of $1.8m and spending of $1.6m, spending 89% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $1.7m to $1.8m (+3.7%), an average of +0.9% a year. The sharpest change came in the year to May 2023, when income rose by 57%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Baptist Missionary Association Theological Seminary sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include Trinity Rescue Mission Incorporated ($1.8m), Northern Nevada Human Services Association ($1.8m) and Cumberland Heights Professional Associates Inc ($1.8m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 73% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $143k (9.0% of expenses). Other salaries and wages came to $503k. At year end it held assets of $3.6m against liabilities of $115k, net assets of $3.5m. It reported 23 employees.