Reformed Seminary Incorporated

Analysis

Reformed Seminary Incorporated is a registered charity in United States, based in Fresh Meadows, NY. It received its IRS tax-exemption ruling in October 2019, 7 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Reformed Seminary Incorporated reported income of $55k and spending of $64k, spending 116% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $60k to $55k (-7.8%), an average of -7.8% a year. Over the whole period it spent 97% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Reformed Seminary Incorporated sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within NY. Charities of a similar size with the same main cause include Fredericksburg United Methodist Church Foundation Inc ($55k), Axis Ministries Inc ($55k) and New England Prayer Center Inc ($55k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1 against liabilities of $0, net assets of $1.