The Masters University and Seminary
21726 Placerita Canyon Rd, Santa Clarita, CA · IRS data through FY2023
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2023 | $85,143,754 | $75,532,642 | $118,488,142 |
| FY2022 | $80,766,902 | $63,547,849 | $102,167,576 |
| FY2021 | $74,618,505 | $55,834,252 | $90,695,232 |
| FY2020 | $53,206,286 | $49,555,365 | $65,936,518 |
| FY2019 | $55,465,112 | $50,761,489 | $62,945,971 |
| FY2018 | $60,552,843 | $56,351,593 | $59,868,520 |
| FY2017 | $57,224,029 | $53,517,021 | $54,457,646 |
| FY2016 | $53,733,266 | $50,762,983 | $48,414,200 |
| FY2015 | $53,534,960 | $47,999,925 | $48,174,359 |
| FY2014 | $47,386,439 | $44,213,690 | $45,518,521 |
| FY2013 | $46,214,957 | $43,687,283 | $42,700,304 |
| FY2012 | $43,845,440 | $42,231,346 | $38,737,263 |
| FY2011 | $36,967,250 | $32,107,694 | $37,123,169 |
Form 990 filings
The returns filed by The Masters University and Seminary (EIN 95-6001907), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of listed sources |
|---|---|---|
| Contributions & grants | $21,800,477 | 26% |
| Program service revenue | $62,457,616 | 73% |
| Investment income | $1,081,281 | 1% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $65,868,705 | 87% |
| Management & general | $6,671,550 | 9% |
| Fundraising | $2,992,387 | 4% |
What the numbers show
- Program service revenue was the largest of the listed revenue sources in FY2023.
- Program services accounted for 87% of functional expenses, management & general 9%, and fundraising 4%.
- 87% of functional expenses went to program services in FY2023. That is higher than 65.6% of 581 Education organizations in CA.
- Net assets covered about 18.8 months of expenses at the end of the reporting year. That puts it in the 61st percentile among 7211 Education organizations in CA.
- Fundraising cost about $0.01 for every $1 raised through fundraising events and activities.
- Total revenue was higher than 98.9% of 7388 Education organizations in CA.
- Total revenue rose from $36,967,250 in FY2011 to $85,143,754 in FY2023. Revenue increased in 10 and decreased in 2 of 12 year-over-year comparisons.
- Revenue covered expenses in each of the 13 reported years, FY2011 to FY2023.
- Net assets grew from $37,123,169 to $118,488,142 between FY2011 and FY2023.
- Contributions and grants made up 20% of revenue in FY2011 and 26% in FY2023.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
Christian liberal arts college and theological seminary existing to advance the Kingdom of the Lord
IRS status
| Ruling year | 1963 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B42 — Education (in CA) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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