Theological Education Initiative
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2013 | 158,891 | 41,005 | 117,886 | 34.5 | — |
| 2014 | 46,548 | 60,218 | −13,670 | 20.2 | — |
| 2015 | 50,653 | 51,949 | −1,296 | 23.1 | — |
| 2016 | 57,851 | 72,745 | −14,894 | 14.3 | — |
| 2017 | 68,082 | 102,039 | −33,957 | 6.2 | — |
| 2018 | 92,881 | 102,636 | −9,755 | 5.0 | — |
| 2019 | 94,970 | 105,772 | −10,802 | 3.6 | — |
| 2020 | 99,801 | 77,161 | 22,640 | 8.5 | — |
| 2021 | 94,411 | 69,474 | 24,937 | 11.9 | 0% |
| 2022 | 104,985 | 92,547 | 12,438 | 10.8 | 0% |
| 2023 | 92,039 | 90,882 | 1,157 | 11.4 | 0% |
| 2024 | 86,751 | 99,126 | −12,375 | 9.0 | 0% |
In its most recent public year (2024), this organization spent $12,375 more than it brought in. Its reserves stood at about 9 months of spending, down from 34.5 in 2013. Staff pay was 0% of spending.
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 2024. 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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