Newman Theological College St Josephs Seminary

Analysis

Newman Theological College St Josephs Seminary is a registered charity in United States, based in Canada. It received its IRS tax-exemption ruling in August 2022, 4 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).

In the financial year ending July 2023, Newman Theological College St Josephs Seminary reported income of $3.0m and spending of $3.0m, spending 100% of its income. Across the 2 years on record, from July 2022 to July 2023, income grew from $2.8m to $3.0m (+7.3%), an average of +7.3% a year. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Newman Theological College St Josephs Seminary sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile. Charities of a similar size with the same main cause include Hope Rural School Inc ($3.0m), Brillare Beauty Institute ($3.0m) and Aristotle Preparatory Academy Challenge Foundation Academy ($3.0m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 58% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $293k (9.8% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $2.5m against liabilities of $5.5m, net assets of -$3.0m.