The Masters University And Seminary
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 53,206,286 | 49,555,365 | 3,650,921 | 16.0 | 41% |
| 2021 | 74,618,505 | 55,834,252 | 18,784,253 | 19.5 | 41% |
| 2022 | 80,766,902 | 63,547,849 | 17,219,053 | 19.3 | 37% |
| 2023 | 85,143,754 | 75,532,642 | 9,611,112 | 18.8 | 34% |
In its most recent public year (2023), this organization brought in $9,611,112 more than it spent. Its reserves stood at about 18.8 months of spending, up from 16 in 2020. Staff pay was 34% of spending. $63,479,133 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
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