Southwestern Reformed Seminary
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 117,443 | 90,991 | 26,452 | 6.6 | 66% |
| 2017 | 54,205 | 61,995 | −7,790 | 8.2 | 66% |
| 2018 | 81,910 | 74,982 | 6,928 | 7.8 | 75% |
| 2019 | 44,510 | 46,814 | −2,304 | 12.0 | — |
| 2020 | 19,500 | 36,734 | −17,234 | 9.6 | — |
| 2021 | 14,210 | 21,223 | −7,013 | 12.7 | — |
In its most recent public year (2021), this organization spent $7,013 more than it brought in. Its reserves stood at about 12.7 months of spending, up from 6.6 in 2016.
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 2021. 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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