Gammon Theological Seminary
EIN: 580622972 · Atlanta, GA
| Metric | Value |
|---|---|
| Total Revenue | $7.3M |
| Total Expenses | $1.6M |
| Net Assets | $15.0M |
Is Gammon Theological Seminary Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Gammon Theological Seminary
Gammon Theological Seminary (EIN: 580622972) is a nonprofit organization based in Atlanta, GA. The organization reported total revenue of $7.3M and total assets of $17.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gammon Theological Seminary's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gammon Theological Seminary is a mid-size nonprofit that has been operating for 42 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of -9.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $889K |
| Total Expenses | $1.6M |
| Surplus / Deficit | $-726,208 |
| Total Assets | $15.2M |
| Total Liabilities | $144K |
| Net Assets | $15.0M |
| Operating Margin | -81.7% |
| Debt-to-Asset Ratio | 1.0% |
| Months of Reserves | 112.7 months |
Financial Health Grade: B
In 2023, Gammon Theological Seminary reported a deficit of $726K with expenses exceeding revenue, holds 112.7 months of operating reserves (strong position), has a debt-to-asset ratio of 1.0% (very low leverage).
Financial Trends
Over 2 years of filings (2022–2023), Gammon Theological Seminary's revenue has declined at a compound annual growth rate (CAGR) of -9.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -9.9% | +4.8% | +5.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 1984 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Gammon Theological Seminary has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Gammon Theological Seminary with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $726K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.0%.
Frequently Asked Questions about Gammon Theological Seminary
Is Gammon Theological Seminary a legitimate charity?
Gammon Theological Seminary (EIN: 580622972) is a registered tax-exempt nonprofit based in Georgia. It has 2 years of IRS 990 filings on record. Total revenue: $7.3M. No red flags identified. Financial health grade: B.
How does Gammon Theological Seminary spend its money?
Gammon Theological Seminary reported $7.3M in total revenue in IRS 990 filings. 2 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Gammon Theological Seminary tax-deductible?
Gammon Theological Seminary is registered as a tax-exempt nonprofit (EIN: 580622972). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Gammon Theological Seminary located?
Gammon Theological Seminary is headquartered in Atlanta, Georgia and files with the IRS under EIN 580622972.
How many years of IRS 990 filings does Gammon Theological Seminary have?
Gammon Theological Seminary has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $7.3M in total revenue.
Filing History
IRS 990 filing history for Gammon Theological Seminary showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Gammon Theological Seminary's revenue has declined by 9.9%, moving from $987K to $889K. Total assets increased by 5.3% over the same period, from $14.4M to $15.2M. Total functional expenses rose by 4.8%, from $1.5M to $1.6M. In its most recent filing year (2023), Gammon Theological Seminary reported a deficit of $726K, with expenses exceeding revenue. The organization holds $144K in liabilities against $15.2M in assets (debt-to-asset ratio: 1.0%), resulting in net assets of $15.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $889K | $1.6M | $15.2M | $144K | — | — |
| 2022 | $987K | $1.5M | $14.4M | $10K | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gammon Theological Seminary:
Data Sources and Methodology
This transparency report for Gammon Theological Seminary is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.