Westminster Theological Seminary
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 13,760,153 | 10,844,645 | 2,915,508 | 22.5 | 0% |
| 2012 | 7,893,911 | 9,676,003 | −1,782,092 | 22.9 | 0% |
| 2013 | 10,082,374 | 10,591,978 | −509,604 | 28.4 | 48% |
| 2014 | 13,836,701 | 14,385,560 | −548,859 | 21.8 | 37% |
| 2015 | 14,631,332 | 14,177,559 | 453,773 | 22.3 | 39% |
| 2016 | 13,846,240 | 13,930,787 | −84,547 | 22.3 | 37% |
| 2017 | 19,244,616 | 14,966,436 | 4,278,180 | 25.6 | 36% |
| 2018 | 16,606,568 | 17,600,603 | −994,035 | 21.6 | 34% |
| 2019 | 20,950,482 | 18,772,077 | 2,178,405 | 22.0 | 35% |
| 2020 | 21,946,711 | 20,147,783 | 1,798,928 | 21.5 | 39% |
| 2021 | 28,664,746 | 22,346,106 | 6,318,640 | 24.5 | 38% |
| 2022 | 33,728,567 | 26,877,375 | 6,851,192 | 22.4 | 38% |
| 2023 | 30,439,771 | 26,717,177 | 3,722,594 | 24.6 | 38% |
In its most recent public year (2023), this organization brought in $3,722,594 more than it spent. Its reserves stood at about 24.6 months of spending, up from 22.5 in 2011. Staff pay was 38% of spending. $38,390,098 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
Westminster Theological Seminary's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works