Global Reformed Seminary Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 80,554 | 79,068 | 1,486 | 0.2 | 63% |
| 2021 | 101,868 | 98,096 | 3,772 | 0.6 | 52% |
| 2022 | 131,087 | 109,376 | 21,711 | 3.0 | 51% |
| 2023 | 101,018 | 90,235 | 10,783 | 5.0 | 53% |
In its most recent public year (2023), this organization brought in $10,783 more than it spent. Its reserves stood at about 5 months of spending, up from 0.2 in 2020. Staff pay was 53% 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 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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