Wesley Biblical Seminary
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 2,987,847 | 2,695,947 | 291,900 | 21.1 | 35% |
| 2022 | 3,371,777 | 3,151,087 | 220,690 | 17.4 | 39% |
| 2023 | 4,234,297 | 2,674,654 | 1,559,643 | 29.1 | 49% |
| 2024 | 3,409,560 | 2,736,749 | 672,811 | 33.1 | 54% |
In its most recent public year (2024), this organization brought in $672,811 more than it spent. Its reserves stood at about 33.1 months of spending, up from 21.1 in 2021. Staff pay was 54% of spending. $5,609,220 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 2024. 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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