Covenant Theological Seminary
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 61,102 | 61,061 | 41 | 0.5 | 0% |
| 2012 | 42,519 | 44,722 | −2,203 | 0.0 | 0% |
| 2013 | 47,653 | 46,314 | 1,339 | 0.4 | 0% |
| 2014 | 57,507 | 55,533 | 1,974 | 0.7 | 48% |
| 2015 | 59,463 | 55,534 | 3,929 | 1.6 | 47% |
| 2016 | 54,607 | 58,134 | −3,527 | 0.8 | 36% |
| 2017 | 73,137 | 72,308 | 829 | 0.8 | 39% |
| 2018 | 58,478 | 62,156 | −3,678 | 0.2 | 32% |
| 2019 | 30,343 | 27,281 | 3,062 | 1.8 | 0% |
| 2021 | 37,797 | 19,063 | 18,734 | 23.2 | 0% |
In its most recent public year (2021), this organization brought in $18,734 more than it spent. Its reserves stood at about 23.2 months of spending, up from 0.5 in 2011. Staff pay was 0% 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 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
Covenant Theological Seminary's IRS filings as a feed — one entry per filing year, through 2021. 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