Pacific Theological Seminary

Analysis

Pacific Theological Seminary is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in July 2019, 7 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, Pacific Theological Seminary reported income of $754k and spending of $607k, spending 81% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $520k to $754k (+45%), an average of +20% a year. The sharpest change came in the year to June 2022, when income rose by 71%. Over the whole period it spent 53% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pacific Theological Seminary sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include Peer Solutions Inc ($754k), Friends of Youth Opportunity Boston Inc ($754k) and Literacyworks ($753k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 2.1% of the total. Other salaries and wages came to $272k. At year end it held assets of $1.2m against liabilities of $10k, net assets of $1.2m. It reported 22 employees.