New York Theological Seminary
New York Theological Seminary shows declining revenue and assets over a decade, but recent filing indicates positive net income and zero officer compensation.
EIN: 131628150 · New York, NY · NTEE: B500 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.5M |
| Total Expenses | $4.3M |
| Program Spending | 75% |
| Net Assets | $1.2M |
| Transparency Score | 70/100 |
Is New York Theological Seminary Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New York Theological Seminary directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New York Theological Seminary
New York Theological Seminary (EIN: 131628150) is a nonprofit organization based in New York, NY, classified under NTEE code B500. The organization reported total revenue of $4.5M and total assets of $2.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New York Theological Seminary's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New York Theological Seminary is a mid-size nonprofit that has been operating for 92 years, with 11 years of IRS 990 filings on record (2011–2021). Revenue has grown at a compound annual rate of -0.9%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.4M |
| Total Expenses | $4.3M |
| Surplus / Deficit | +$134K |
| Total Assets | $2.4M |
| Total Liabilities | $1.2M |
| Net Assets | $1.2M |
| Operating Margin | 3.0% |
| Debt-to-Asset Ratio | 49.8% |
| Months of Reserves | 6.6 months |
Financial Health Grade: A
In 2021, New York Theological Seminary reported a surplus of $134K with revenue exceeding expenses, holds 6.6 months of operating reserves (strong position), has a debt-to-asset ratio of 49.8% (moderate leverage).
Financial Trends
Over 11 years of filings (2011–2021), New York Theological Seminary's revenue has declined at a compound annual growth rate (CAGR) of -0.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | +8.6% | -9.5% | +5.8% |
| 2020 | -12.1% | -10.2% | -13.0% |
| 2019 | -19.3% | -5.2% | -15.8% |
| 2018 | +11.0% | +3.4% | +3.1% |
| 2017 | -15.6% | -3.9% | -5.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 1934 |
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 New York Theological Seminary with a Mission Score of 70 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, New York Theological Seminary allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $134K, with revenue exceeding expenses.
- Debt-to-asset ratio: 49.8%.
Executive Compensation Analysis
Executive compensation is reported as 0% in all available filings, which is highly unusual for an organization of this size with multi-million dollar revenues and suggests either volunteer leadership or compensation structured in a way not reported as officer compensation on the 990.
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 New York Theological Seminary's IRS 990 filings:
- Consistent decline in revenue over the past decade (e.g., $6.1M in 2016 to $4.4M in 2021).
- Significant reduction in total assets over the long term (e.g., $5.4M in 2014 to $2.3M in 2021).
- Multiple years with expenses exceeding revenue (e.g., 2020, 2019, 2017, 2014, 2012) indicating operational deficits.
Strengths
The following positive indicators were identified for New York Theological Seminary:
- Consistent reporting of 0% officer compensation across all filings, indicating strong financial transparency in this area.
- Positive net income in the most recent filing (2021), with revenue of $4,439,036 exceeding expenses of $4,304,912.
- Consistent filing of IRS Form 990s over 11 periods, demonstrating commitment to regulatory compliance and public disclosure.
Frequently Asked Questions about New York Theological Seminary
Is New York Theological Seminary a legitimate charity?
New York Theological Seminary (EIN: 131628150) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 70/100. It has 11 years of IRS 990 filings on record. Total revenue: $4.5M. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does New York Theological Seminary spend its money?
New York Theological Seminary directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to New York Theological Seminary tax-deductible?
New York Theological Seminary is registered as a tax-exempt nonprofit (EIN: 131628150). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of New York Theological Seminary's spending goes to programs?
New York Theological Seminary directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does New York Theological Seminary compare to similar nonprofits?
With a transparency score of 70/100 (Good), New York Theological Seminary is above average for NTEE category B500 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New York Theological Seminary located?
New York Theological Seminary is headquartered in New York, New York and files with the IRS under EIN 131628150. It is classified under NTEE code B500.
How many years of IRS 990 filings does New York Theological Seminary have?
New York Theological Seminary has 11 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 $4.5M in total revenue.
Is New York Theological Seminary financially stable?
While the organization has experienced a decline in revenue and assets over the past decade (e.g., revenue from $6.1M in 2016 to $4.4M in 2021), the most recent filing (2021) shows a positive net income of $134,124, indicating current operational stability. However, the long-term trend suggests a need for strategic financial planning.
How does New York Theological Seminary manage executive compensation?
All available IRS 990 filings consistently report 0% for officer compensation, which is a significant indicator of either volunteer leadership or that executive compensation is structured and reported under different expense categories.
What is the trend in the organization's assets?
Assets have shown a consistent decline over the past decade, from a high of $5,442,169 in 2014 to $2,378,321 in 2021, representing a significant reduction in the organization's financial base.
Filing History
IRS 990 filing history for New York Theological Seminary showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2021), New York Theological Seminary's revenue has declined by 8.7%, moving from $4.9M to $4.4M. Total assets decreased by 43.1% over the same period, from $4.2M to $2.4M. Total functional expenses fell by 24.1%, from $5.7M to $4.3M. In its most recent filing year (2021), New York Theological Seminary reported a surplus of $134K, with revenue exceeding expenses. The organization holds $1.2M in liabilities against $2.4M in assets (debt-to-asset ratio: 49.8%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $4.4M | $4.3M | $2.4M | $1.2M | — | — |
| 2020 | $4.1M | $4.8M | $2.2M | $1.3M | — | View 990 |
| 2019 | $4.7M | $5.3M | $2.6M | $956K | — | View 990 |
| 2018 | $5.8M | $5.6M | $3.1M | $861K | — | View 990 |
| 2017 | $5.2M | $5.4M | $3.0M | $998K | — | View 990 |
| 2016 | $6.2M | $5.6M | $3.1M | $946K | — | View 990 |
| 2015 | $6.1M | $5.9M | $4.4M | $1.4M | — | View 990 |
| 2014 | $6.0M | $6.1M | $5.4M | $2.0M | — | View 990 |
| 2013 | $6.1M | $6.0M | $4.7M | $1.8M | — | View 990 |
| 2012 | $4.9M | $5.9M | $3.0M | $704K | — | View 990 |
| 2011 | $4.9M | $5.7M | $4.2M | $632K | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $4.4M, expenses of $4.3M, and assets of $2.4M (revenue +8.6% year-over-year).
- 2020: Revenue of $4.1M, expenses of $4.8M, and assets of $2.2M (revenue -12.1% year-over-year).
- 2019: Revenue of $4.7M, expenses of $5.3M, and assets of $2.6M (revenue -19.3% year-over-year).
- 2018: Revenue of $5.8M, expenses of $5.6M, and assets of $3.1M (revenue +11.0% year-over-year).
- 2017: Revenue of $5.2M, expenses of $5.4M, and assets of $3.0M (revenue -15.6% year-over-year).
- 2016: Revenue of $6.2M, expenses of $5.6M, and assets of $3.1M (revenue +0.6% year-over-year).
- 2015: Revenue of $6.1M, expenses of $5.9M, and assets of $4.4M (revenue +2.7% year-over-year).
- 2014: Revenue of $6.0M, expenses of $6.1M, and assets of $5.4M (revenue -1.8% year-over-year).
- 2013: Revenue of $6.1M, expenses of $6.0M, and assets of $4.7M (revenue +24.2% year-over-year).
- 2012: Revenue of $4.9M, expenses of $5.9M, and assets of $3.0M (revenue +0.5% year-over-year).
- 2011: Revenue of $4.9M, expenses of $5.7M, and assets of $4.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New York Theological Seminary:
Data Sources and Methodology
This transparency report for New York 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.