Covenant Baptist Theological Seminary
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 543,935 | 447,219 | 96,716 | 7.6 | 58% |
| 2021 | 613,155 | 572,387 | 40,768 | 6.4 | 55% |
| 2022 | 1,062,168 | 833,481 | 228,687 | 7.8 | 46% |
| 2023 | 1,004,739 | 929,807 | 74,932 | 8.0 | 45% |
In its most recent public year (2023), this organization brought in $74,932 more than it spent. Its reserves stood at about 8 months of spending. Staff pay was 45% of spending. $53,097 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
Covenant Baptist Theological Seminary'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