Redemption Seminary Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 378,224 | 240,695 | 137,529 | 6.3 | 30% |
| 2021 | 391,199 | 340,241 | 50,958 | 6.2 | 46% |
| 2022 | 314,585 | 449,529 | −134,944 | 1.1 | 54% |
| 2023 | 606,733 | 519,624 | 87,109 | 3.0 | 65% |
In its most recent public year (2023), this organization brought in $87,109 more than it spent. Its reserves stood at about 3 months of spending, down from 6.3 in 2020. Staff pay was 65% 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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