Step Of Faith Ministry Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 206,779 | 158,183 | 48,596 | 11.1 | 2% |
| 2021 | 290,374 | 285,945 | 4,429 | 0.0 | 19% |
| 2022 | 222,290 | 264,747 | −42,457 | 5.0 | 22% |
| 2023 | 300,068 | 277,526 | 22,542 | 5.7 | 21% |
In its most recent public year (2023), this organization brought in $22,542 more than it spent. Its reserves stood at about 5.7 months of spending, down from 11.1 in 2020. Staff pay was 21% 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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