Miami International Seminary Inc

Analysis

Miami International Seminary Inc is a registered charity in United States, based in Sugar Land, TX. It received its IRS tax-exemption ruling in October 2002, 24 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 December 2023, Miami International Seminary Inc reported income of $479k and spending of $439k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $336k to $479k (+43%), an average of +9.3% a year. The sharpest change came in the year to December 2021, when income rose by 55%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Miami International Seminary Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 74th percentile within TX. Charities of a similar size with the same main cause include Isabella Grimes Educational Fund ($479k), Valley Christian School Inc ($479k) and Hoboken Public Education Foundation Corporation ($479k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $110k (25% of expenses). Other salaries and wages came to $206k. At year end it held assets of $283k against liabilities of $2,855, net assets of $280k.