Truth Theological Seminary
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 167,308 | 238,886 | −71,578 | 33.5 | 55% |
| 2012 | 261,744 | 212,007 | 49,737 | 40.6 | 53% |
| 2013 | 211,516 | 238,342 | −26,826 | 34.7 | 51% |
| 2014 | 205,843 | 238,260 | −32,417 | 33.1 | 53% |
| 2015 | 300,050 | 267,600 | 32,450 | 31.0 | 49% |
| 2016 | 251,602 | 275,360 | −23,758 | 29.0 | 53% |
| 2017 | 329,046 | 293,651 | 35,395 | 28.7 | 55% |
| 2018 | 411,601 | 298,761 | 112,840 | 32.7 | 50% |
| 2019 | 276,106 | 327,533 | −51,427 | 27.9 | 61% |
| 2020 | 270,923 | 303,143 | −32,220 | 28.9 | 16% |
| 2021 | 373,259 | 237,432 | 135,827 | 43.7 | 28% |
| 2022 | 345,875 | 290,470 | 55,405 | 38.0 | 45% |
| 2023 | 445,466 | 299,854 | 145,612 | 42.7 | 56% |
In its most recent public year (2023), this organization brought in $145,612 more than it spent. Its reserves stood at about 42.7 months of spending, up from 33.5 in 2011. Staff pay was 56% of spending. $79,297 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
Truth 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