New Life Baptist Seminary
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 84,402 | 67,921 | 16,481 | 19.2 | — |
| 2020 | 62,206 | 66,350 | −4,144 | 18.9 | — |
| 2021 | 54,868 | 50,813 | 4,055 | 25.6 | — |
| 2022 | 51,139 | 50,026 | 1,113 | 26.3 | — |
| 2023 | 31,942 | 50,154 | −18,212 | 21.9 | — |
In its most recent public year (2023), this organization spent $18,212 more than it brought in. Its reserves stood at about 21.9 months of spending, up from 19.2 in 2019.
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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