Holding Forth The Word Of Life Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 623,621 | 426,764 | 196,857 | 62.6 | 46% |
| 2021 | 648,456 | 415,617 | 232,839 | 71.0 | 51% |
| 2022 | 901,401 | 484,438 | 416,963 | 71.3 | 50% |
| 2023 | 642,887 | 551,591 | 91,296 | 64.4 | 47% |
In its most recent public year (2023), this organization brought in $91,296 more than it spent. Its reserves stood at about 64.4 months of spending, up from 62.6 in 2020. Staff pay was 47% of spending.
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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