Faith Evangelical Lutheran Seminary
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 2,212,398 | 1,952,329 | 260,069 | 9.4 | 70% |
| 2012 | 2,743,377 | 2,274,700 | 468,677 | 10.5 | 74% |
| 2013 | 2,515,049 | 2,583,595 | −68,546 | 8.9 | 76% |
| 2014 | 2,821,800 | 2,755,419 | 66,381 | 8.7 | 78% |
| 2015 | 2,912,311 | 3,232,895 | −320,584 | 6.2 | 71% |
| 2016 | 1,239,849 | 2,358,787 | −1,118,938 | 2.8 | 67% |
| 2017 | 1,951,815 | 2,086,037 | −134,222 | 2.4 | 59% |
| 2018 | 2,392,290 | 2,236,305 | 155,985 | 4.1 | 58% |
| 2020 | 2,274,068 | 2,527,316 | −253,248 | 4.0 | 51% |
| 2021 | 3,044,627 | 2,645,070 | 399,557 | 5.7 | 51% |
| 2022 | 2,825,469 | 2,434,632 | 390,837 | 8.1 | 53% |
| 2023 | 2,355,756 | 2,699,500 | −343,744 | 5.8 | 53% |
In its most recent public year (2023), this organization spent $343,744 more than it brought in. Its reserves stood at about 5.8 months of spending, down from 9.4 in 2011. Staff pay was 53% of spending. $44,877 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
A new entry when its next filing is released. No account, no email; works in any feed reader, Slack, or automation tool. How following works