Maryland Theological College And Seminary
Maryland Theological College And Seminary experiences significant financial contraction with declining revenue and assets.
EIN: 202197046 · Catonsville, MD · NTEE: B50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $88K |
| Total Expenses | $28K |
| Program Spending | 90% |
| Net Assets | $15K |
| Transparency Score | 65/100 |
Is Maryland Theological College And Seminary Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maryland Theological College And Seminary directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maryland Theological College And Seminary
Maryland Theological College And Seminary (EIN: 202197046) is a nonprofit organization based in Catonsville, MD, classified under NTEE code B50. The organization reported total revenue of $88K and total assets of $32K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maryland Theological College And Seminary's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maryland Theological College And Seminary is a micro nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -12.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $33K |
| Total Expenses | $28K |
| Surplus / Deficit | +$5K |
| Total Assets | $22K |
| Total Liabilities | $7K |
| Net Assets | $15K |
| Operating Margin | 14.4% |
| Debt-to-Asset Ratio | 31.9% |
| Months of Reserves | 9.2 months |
Financial Health Grade: A
In 2023, Maryland Theological College And Seminary reported a surplus of $5K with revenue exceeding expenses, holds 9.2 months of operating reserves (strong position), has a debt-to-asset ratio of 31.9% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Maryland Theological College And Seminary's revenue has declined at a compound annual growth rate (CAGR) of -12.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +345.8% | +131.7% | +116.4% |
| 2022 | -21.8% | -76.2% | -32.4% |
| 2021 | -64.6% | -22.1% | -68.3% |
| 2020 | -83.1% | -66.8% | -48.7% |
| 2019 | -2.7% | +44.3% | -27.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Maryland Theological College And Seminary with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Maryland Theological College And Seminary allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $5K, with revenue exceeding expenses.
- Debt-to-asset ratio: 31.9%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no compensation was paid to officers, directors, trustees, or key employees. This suggests a volunteer-led or very lean leadership structure, which is notable for an organization of its type.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Maryland Theological College And Seminary's IRS 990 filings:
- Significant decline in revenue over recent years (e.g., $180,301 in 2017 to $32,984 in 2023)
- Substantial decrease in assets (e.g., $126,073 in 2018 to $21,660 in 2023)
- Inconsistent financial performance with periods of expenses exceeding revenue (e.g., 2021, 2020, 2019, 2015, 2014)
Strengths
The following positive indicators were identified for Maryland Theological College And Seminary:
- Consistent reporting of 0% officer compensation, indicating low administrative overhead in this area
- Long history of IRS 990 filings (13 filings), demonstrating transparency over time
Frequently Asked Questions about Maryland Theological College And Seminary
Is Maryland Theological College And Seminary a legitimate charity?
Based on AI analysis of IRS 990 filings, Maryland Theological College And Seminary (EIN: 202197046) some concerns. Mission Score: 65/100. 3 red flags identified, 2 strengths noted.
How does Maryland Theological College And Seminary spend its money?
Maryland Theological College And Seminary directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Maryland Theological College And Seminary tax-deductible?
Maryland Theological College And Seminary is registered as a tax-exempt nonprofit (EIN: 202197046). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Maryland Theological College And Seminary's spending goes to programs?
Maryland Theological College And Seminary directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Maryland Theological College And Seminary compare to similar nonprofits?
With a transparency score of 65/100 (Good), Maryland Theological College And Seminary is above average for NTEE category B50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Maryland Theological College And Seminary located?
Maryland Theological College And Seminary is headquartered in Catonsville, Maryland and files with the IRS under EIN 202197046. It is classified under NTEE code B50.
How many years of IRS 990 filings does Maryland Theological College And Seminary have?
Maryland Theological College And Seminary has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $88K in total revenue.
Is Maryland Theological College And Seminary financially stable?
Based on the recent filings, the organization's financial stability has decreased significantly. Revenue in 2023 was $32,984, down from $180,301 in 2017, and assets have fallen from $126,073 in 2018 to $21,660 in 2023. This indicates a period of financial contraction.
How has the organization's size changed over time?
The organization has shrunk considerably in size, as evidenced by the sharp decline in both revenue and assets. For example, its latest revenue of $32,984 is less than a fifth of its revenue in 2017 ($180,301), and its assets have decreased by over 80% from their peak in 2018.
Does the organization pay its executives?
No, the IRS 990 filings consistently report 0% officer compensation, indicating that no salaries or other compensation were paid to executives or key employees during the reported periods.
Filing History
IRS 990 filing history for Maryland Theological College And Seminary showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Maryland Theological College And Seminary's revenue has declined by 80.5%, moving from $170K to $33K. Total assets decreased by 79% over the same period, from $103K to $22K. Total functional expenses fell by 84.3%, from $180K to $28K. In its most recent filing year (2023), Maryland Theological College And Seminary reported a surplus of $5K, with revenue exceeding expenses. The organization holds $7K in liabilities against $22K in assets (debt-to-asset ratio: 31.9%), resulting in net assets of $15K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $33K | $28K | $22K | $7K | — | — |
| 2022 | $7K | $12K | $10K | $0 | — | — |
| 2021 | $9K | $51K | $15K | $0 | — | — |
| 2020 | $27K | $66K | $47K | $-408 | — | View 990 |
| 2019 | $158K | $198K | $91K | $5K | — | View 990 |
| 2018 | $162K | $137K | $126K | $133 | — | View 990 |
| 2017 | $180K | $171K | $101K | $3K | — | View 990 |
| 2016 | $176K | $165K | $93K | $4K | — | View 990 |
| 2015 | $147K | $152K | $79K | $1K | — | View 990 |
| 2014 | $140K | $170K | $84K | $1K | — | View 990 |
| 2013 | $217K | $210K | $114K | $2K | — | View 990 |
| 2012 | $170K | $180K | $95K | $3K | — | View 990 |
| 2011 | $170K | $180K | $103K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $33K, expenses of $28K, and assets of $22K (revenue +345.8% year-over-year).
- 2022: Revenue of $7K, expenses of $12K, and assets of $10K (revenue -21.8% year-over-year).
- 2021: Revenue of $9K, expenses of $51K, and assets of $15K (revenue -64.6% year-over-year).
- 2020: Revenue of $27K, expenses of $66K, and assets of $47K (revenue -83.1% year-over-year).
- 2019: Revenue of $158K, expenses of $198K, and assets of $91K (revenue -2.7% year-over-year).
- 2018: Revenue of $162K, expenses of $137K, and assets of $126K (revenue -9.9% year-over-year).
- 2017: Revenue of $180K, expenses of $171K, and assets of $101K (revenue +2.6% year-over-year).
- 2016: Revenue of $176K, expenses of $165K, and assets of $93K (revenue +19.8% year-over-year).
- 2015: Revenue of $147K, expenses of $152K, and assets of $79K (revenue +4.5% year-over-year).
- 2014: Revenue of $140K, expenses of $170K, and assets of $84K (revenue -35.4% year-over-year).
- 2013: Revenue of $217K, expenses of $210K, and assets of $114K (revenue +28.2% year-over-year).
- 2012: Revenue of $170K, expenses of $180K, and assets of $95K (revenue +0.0% year-over-year).
- 2011: Revenue of $170K, expenses of $180K, and assets of $103K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maryland Theological College And Seminary:
Data Sources and Methodology
This transparency report for Maryland Theological College And 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.