Phillips Theological Seminary Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 5,905,593 | 4,711,305 | 1,194,288 | 146.8 | 45% |
| 2013 | 5,214,594 | 4,618,279 | 596,315 | 158.6 | 47% |
| 2014 | 5,428,322 | 4,709,868 | 718,454 | 166.9 | 49% |
| 2015 | 5,270,549 | 4,713,530 | 557,019 | 180.0 | 48% |
| 2016 | 5,746,352 | 5,060,494 | 685,858 | 174.1 | 49% |
| 2017 | 5,460,423 | 4,848,082 | 612,341 | 196.7 | 47% |
| 2018 | 12,347,174 | 5,201,734 | 7,145,440 | 225.3 | 42% |
| 2019 | 8,869,965 | 6,117,818 | 2,752,147 | 219.0 | 43% |
| 2020 | 8,119,607 | 6,574,147 | 1,545,460 | 208.3 | 45% |
| 2021 | 9,611,504 | 7,332,292 | 2,279,212 | 228.4 | 42% |
| 2022 | 11,053,065 | 7,114,122 | 3,938,943 | 236.8 | 47% |
| 2023 | 7,926,663 | 8,125,713 | −199,050 | 230.2 | 46% |
In its most recent public year (2023), this organization spent $199,050 more than it brought in. Its reserves stood at about 230.2 months of spending, up from 146.8 in 2012. Staff pay was 46% of spending. $137,641,712 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
Phillips Theological Seminary Corporation'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