Indianapolis Theological Seminary
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 364,158 | 292,256 | 71,902 | 7.6 | 63% |
| 2021 | 612,836 | 479,081 | 133,755 | 10.4 | 70% |
| 2022 | 1,044,120 | 682,878 | 361,242 | 14.0 | 62% |
| 2023 | 741,729 | 788,046 | −46,317 | 11.4 | 67% |
In its most recent public year (2023), this organization spent $46,317 more than it brought in. Its reserves stood at about 11.4 months of spending, up from 7.6 in 2019. Staff pay was 67% of spending. $145,000 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
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