Virginia Beach Theological Seminary
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 1,072,827 | 585,141 | 487,686 | 21.0 | 66% |
| 2013 | 580,662 | 578,031 | 2,631 | 21.6 | 66% |
| 2014 | 613,283 | 553,881 | 59,402 | 25.0 | 66% |
| 2015 | 635,171 | 431,397 | 203,774 | 25.1 | 58% |
| 2016 | 548,973 | 513,202 | 35,771 | 20.4 | 59% |
| 2017 | 496,706 | 529,414 | −32,708 | 19.9 | 64% |
| 2018 | 431,087 | 583,642 | −152,555 | 15.8 | 58% |
| 2019 | 431,425 | 551,268 | −119,843 | 15.6 | 69% |
| 2020 | 584,080 | 609,048 | −24,968 | 14.4 | 60% |
| 2021 | 1,002,113 | 660,248 | 341,865 | 21.5 | 56% |
| 2022 | 873,149 | 739,984 | 133,165 | 16.3 | 53% |
| 2023 | 814,501 | 695,729 | 118,772 | 19.4 | 58% |
In its most recent public year (2023), this organization brought in $118,772 more than it spent. Its reserves stood at about 19.4 months of spending, down from 21 in 2012. Staff pay was 58% of spending. $234,544 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
Virginia Beach Theological Seminary's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works