South Florida Bible College & Theological Seminary
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 3,711,936 | 3,756,620 | −44,684 | 2.9 | 60% |
| 2021 | 12,057,041 | 4,292,605 | 7,764,436 | 24.3 | 48% |
| 2022 | 3,206,392 | 4,100,452 | −894,060 | 22.8 | 54% |
| 2023 | 4,230,711 | 4,469,431 | −238,720 | 20.3 | 53% |
In its most recent public year (2023), this organization spent $238,720 more than it brought in. Its reserves stood at about 20.3 months of spending, up from 2.9 in 2020. Staff pay was 53% 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 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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