Logos Evangelical Seminary

Analysis

Logos Evangelical Seminary is a registered charity in United States, based in El Monte, CA. It received its IRS tax-exemption ruling in August 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, Logos Evangelical Seminary reported income of $6.7m and spending of $4.9m, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $7.2m to $6.7m (-6.9%), an average of -1.8% a year. The sharpest change came in the year to December 2022, when income dropped by 29%. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Logos Evangelical Seminary sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Scholar Academy ($6.7m), Central Wisconsin Christian Schools ($6.7m) and Francis Marion University Development Foundation ($6.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $193k (4.0% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $35.6m against liabilities of $9.6m, net assets of $26.0m.