Qalam Seminary Inc

Analysis

Qalam Seminary Inc is a registered charity in United States, based in Carrollton, TX. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Qalam Seminary Inc reported income of $1.8m and spending of $900k, leaving 49% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $46k to $1.8m (+3769%), an average of +522% a year. The sharpest change came in the year to December 2022, when income rose by 2734%. Over the whole period it spent 63% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Qalam Seminary Inc sits at the 81st percentile: it is larger than about 81% 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 Kingdom Causes Bellflower ($1.8m), Tots R US Daycare Ministries Inc ($1.8m) and Westchester Heavy Construction ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 78% of the total. Other salaries and wages came to $510k. At year end it held assets of $1.7m against liabilities of $3,250, net assets of $1.7m. It reported 14 employees.