Truth Theological Seminary

Analysis

Truth Theological Seminary is a registered charity in United States, based in Arcadia, CA. It received its IRS tax-exemption ruling in July 1998, 28 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 June 2023, Truth Theological Seminary reported income of $445k and spending of $300k, leaving 33% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $271k to $445k (+64%), an average of +18% a year. The sharpest change came in the year to June 2021, when income rose by 38%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Truth Theological Seminary sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within CA. Charities of a similar size with the same main cause include Friends of the Jewish Museum Berlin ($445k), Leadership Collier Foundation Inc ($445k) and Seth Christian Education Institute ($445k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 7.7% of the total. Compensation of current officers, directors and key employees was $84k (28% of expenses). Other salaries and wages came to $85k. At year end it held assets of $1.1m against liabilities of $27k, net assets of $1.1m. It reported 8 employees.