Urbanpromise Ministries Wilmington
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,453,836 | 1,876,473 | 577,363 | 16.5 | 68% |
| 2021 | 2,630,559 | 1,803,027 | 827,532 | 22.7 | 69% |
| 2022 | 2,705,321 | 2,543,399 | 161,922 | 16.9 | 65% |
| 2023 | 2,750,900 | 2,920,053 | −169,153 | 14.0 | 58% |
In its most recent public year (2023), this organization spent $169,153 more than it brought in. Its reserves stood at about 14 months of spending, down from 16.5 in 2020. Staff pay was 58% of spending. $27,643 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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