Faith Baptist Bible College
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 9,568,294 | 7,875,565 | 1,692,729 | 30.6 | 48% |
| 2022 | 8,759,376 | 8,670,731 | 88,645 | 24.4 | 47% |
| 2023 | 8,596,403 | 9,286,281 | −689,878 | 22.5 | 47% |
| 2024 | 10,107,714 | 10,397,018 | −289,304 | 19.7 | 44% |
In its most recent public year (2024), this organization spent $289,304 more than it brought in. Its reserves stood at about 19.7 months of spending, down from 30.6 in 2021. Staff pay was 44% of spending. $5,751,876 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 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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