The Masters University and Seminary

Analysis

The Masters University and Seminary is a registered charity in United States, based in Santa Clarita, CA. It received its IRS tax-exemption ruling in June 1963, 63 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, The Masters University and Seminary reported income of $85.1m and spending of $75.5m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $55.5m to $85.1m (+54%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 40%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Masters University and Seminary sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include First Book ($85.1m), Augusta University Research Institute Inc ($85.4m) and Ohio University Foundation ($85.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 26% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $689k (0.9% of expenses). Other salaries and wages came to $25.0m. It paid $657 in professional fundraising fees. At year end it held assets of $166.7m against liabilities of $48.2m, net assets of $118.5m. It reported 1,262 employees.