The Fund For Theological Education Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 4,012,390 | 5,447,076 | −1,434,686 | 45.7 | 25% |
| 2011 | 835,460 | 5,367,909 | −4,532,449 | 36.1 | 28% |
| 2012 | 4,939,443 | 4,859,551 | 79,892 | 40.9 | 28% |
| 2013 | 8,092,238 | 3,616,147 | 4,476,091 | 71.0 | 32% |
| 2014 | 1,815,612 | 3,757,084 | −1,941,472 | 61.6 | 29% |
| 2015 | 7,888,411 | 4,411,559 | 3,476,852 | 60.3 | 25% |
| 2016 | 7,697,238 | 4,830,006 | 2,867,232 | 63.9 | 27% |
| 2017 | 4,254,502 | 5,534,022 | −1,279,520 | 54.4 | 23% |
| 2018 | 9,111,230 | 6,461,622 | 2,649,608 | 48.5 | 23% |
| 2019 | 8,876,027 | 5,856,499 | 3,019,528 | 64.6 | 26% |
| 2020 | 596,069 | 4,373,873 | −3,777,804 | 82.8 | 38% |
| 2021 | 8,780,727 | 4,507,126 | 4,273,601 | 92.0 | 32% |
| 2022 | 7,187,666 | 5,327,664 | 1,860,002 | 72.1 | 28% |
| 2023 | 5,752,139 | 5,572,732 | 179,407 | 75.2 | 46% |
In its most recent public year (2023), this organization brought in $179,407 more than it spent. Its reserves stood at about 75.2 months of spending, up from 45.7 in 2010. Staff pay was 46% of spending. $20,536,213 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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