Salt Lake Theological Seminary

Analysis

Salt Lake Theological Seminary is a registered charity in United States, based in Salt Lake, UT. It received its IRS tax-exemption ruling in January 1986, 40 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Salt Lake Theological Seminary reported income of $79k and spending of $78k, spending 99% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $73k to $79k (+7.9%), an average of +3.9% a year. The sharpest change came in the year to June 2024, when income rose by 17%. Over the whole period it spent 107% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Salt Lake Theological Seminary sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 29th percentile within UT. Charities of a similar size with the same main cause include Chautauqua Catholic Community Inc ($79k), Anointing Oil Ministries Incorporated ($79k) and El Salvador Baptist Church ($79k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 92% and program service revenue 7.8% of the total. At year end it held assets of $3,937 against liabilities of $0, net assets of $3,937.