New Life Ministries Carrying Thecross
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 63,726 | 64,978 | −1,252 | 0.2 | — |
| 2012 | 82,271 | 76,264 | 6,007 | 1.1 | — |
| 2013 | 82,366 | 81,679 | 687 | 1.2 | — |
| 2014 | 77,877 | 73,525 | 4,352 | 2.0 | — |
| 2016 | 111,454 | 94,986 | 16,468 | 5.8 | — |
| 2017 | 101,752 | 106,700 | −4,948 | 4.9 | — |
| 2018 | 127,408 | 132,926 | −5,518 | 3.4 | — |
| 2019 | 145,188 | 125,495 | 19,693 | 5.6 | — |
| 2020 | 186,385 | 171,425 | 14,960 | 5.1 | — |
| 2021 | 170,200 | 151,641 | 18,559 | 7.3 | — |
| 2022 | 172,357 | 136,158 | 36,199 | 11.3 | — |
| 2023 | 189,837 | 167,958 | 21,879 | 9.9 | — |
In its most recent public year (2023), this organization brought in $21,879 more than it spent. Its reserves stood at about 9.9 months of spending, up from 0.2 in 2011.
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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