Puritan Reformed Theological Seminary
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 3,146,349 | 1,915,459 | 1,230,890 | 27.3 | 46% |
| 2013 | 3,030,295 | 2,148,085 | 882,210 | 29.3 | 53% |
| 2014 | 3,549,276 | 2,103,757 | 1,445,519 | 38.3 | 56% |
| 2015 | 2,732,522 | 2,288,397 | 444,125 | 37.5 | 55% |
| 2016 | 2,767,025 | 2,676,351 | 90,674 | 32.5 | 50% |
| 2017 | 3,058,525 | 3,141,705 | −83,180 | 27.4 | 52% |
| 2018 | 4,374,093 | 3,340,653 | 1,033,440 | 29.4 | 57% |
| 2019 | 4,429,975 | 3,573,538 | 856,437 | 30.2 | 56% |
| 2020 | 4,584,096 | 3,693,458 | 890,638 | 32.1 | 56% |
| 2021 | 4,158,234 | 3,833,498 | 324,736 | 31.9 | 53% |
| 2022 | 7,247,093 | 4,350,593 | 2,896,500 | 36.1 | 54% |
| 2023 | 6,666,827 | 4,737,212 | 1,929,615 | 38.0 | 55% |
In its most recent public year (2023), this organization brought in $1,929,615 more than it spent. Its reserves stood at about 38 months of spending, up from 27.3 in 2012. Staff pay was 55% of spending. $2,228,230 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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