Faith School Of Theology
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 564,277 | 698,514 | −134,237 | 35.3 | 0% |
| 2015 | 574,931 | 712,802 | −137,871 | 38.0 | 0% |
| 2016 | 659,381 | 726,614 | −67,233 | 35.9 | 0% |
| 2017 | 787,097 | 783,043 | 4,054 | 33.7 | 0% |
| 2018 | 854,442 | 835,197 | 19,245 | 32.1 | 39% |
| 2019 | 1,202,891 | 1,075,244 | 127,647 | 26.4 | 38% |
| 2020 | 1,361,854 | 1,346,779 | 15,075 | 21.3 | 36% |
| 2021 | 2,320,018 | 1,560,718 | 759,300 | 24.8 | 43% |
| 2022 | 1,531,230 | 1,485,292 | 45,938 | 25.9 | 44% |
| 2023 | 1,598,096 | 1,927,764 | −329,668 | 17.8 | 40% |
In its most recent public year (2023), this organization spent $329,668 more than it brought in. Its reserves stood at about 17.8 months of spending, down from 35.3 in 2014. Staff pay was 40% of spending. $509,677 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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