Seminary Avenue Development Corporation

Analysis

Seminary Avenue Development Corporation is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in November 1992, 34 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Seminary Avenue Development Corporation reported income of $681k and spending of $718k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $570k to $681k (+19%), an average of +4.5% a year. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Seminary Avenue Development Corporation 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 75th percentile, and in the 76th percentile within CA. Charities of a similar size with the same main cause include Union City Volunteer Fire Department ($680k), Womens Crisis Services of Leflore County ($681k) and National Black Womens Justice Institute ($680k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $72k. At year end it held assets of $2.7m against liabilities of $5.2m, net assets of -$2.5m.