Prepare Ministries
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 255,126 | 120,438 | 134,688 | 59.8 | 34% |
| 2021 | 241,027 | 123,553 | 117,474 | 69.7 | 40% |
| 2022 | 200,297 | 137,598 | 62,699 | 68.1 | 38% |
| 2023 | 232,466 | 144,750 | 87,716 | 72.0 | 42% |
In its most recent public year (2023), this organization brought in $87,716 more than it spent. Its reserves stood at about 72 months of spending, up from 59.8 in 2020. Staff pay was 42% of spending. $9,462 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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