International Theological Seminary

Analysis

International Theological Seminary is a registered charity in United States, based in West Covina, CA. It received its IRS tax-exemption ruling in May 1984, 42 years ago. 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 May 2023, International Theological Seminary reported income of $1.4m and spending of $1.7m, spending 121% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income grew from $750k to $1.4m (+89%), an average of +17% a year. The sharpest change came in the year to May 2022, when income rose by 112%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, International Theological Seminary 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 83rd percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include Helping Our People in Elsinore Inc ($1.4m), Bam Endowment Trust ($1.4m) and Scottish Rite Foundation ($1.4m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 37% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $26k (1.5% of expenses). Other salaries and wages came to $445k. At year end it held assets of $2.5m against liabilities of $1.3m, net assets of $1.2m. It reported 14 employees.