Faith Legacy Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 81,715 | 76,957 | 4,758 | 343.8 | 0% |
| 2022 | 119,781 | 69,569 | 50,212 | 335.3 | 0% |
| 2023 | −135,811 | 70,060 | −205,871 | 337.9 | 0% |
In its most recent public year (2023), this organization spent $205,871 more than it brought in. Its reserves stood at about 337.9 months of spending, down from 343.8 in 2021. Staff pay was 0% of spending. $1,670,966 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