Life Transforming Ministries
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 278,796 | 246,035 | 32,761 | 5.7 | 61% |
| 2012 | 284,272 | 258,173 | 26,099 | 6.7 | 56% |
| 2013 | 402,070 | 335,208 | 66,862 | 7.5 | 48% |
| 2014 | 476,352 | 419,863 | 56,489 | 7.6 | 51% |
| 2015 | 447,882 | 451,043 | −3,161 | 7.0 | 53% |
| 2016 | 435,502 | 431,103 | 4,399 | 7.5 | 58% |
| 2017 | 450,355 | 423,526 | 26,829 | 8.4 | 62% |
| 2018 | 454,944 | 424,407 | 30,537 | 9.2 | 58% |
| 2019 | 403,471 | 410,822 | −7,351 | 9.3 | 61% |
| 2020 | 454,919 | 406,463 | 48,456 | 10.6 | 48% |
| 2021 | 445,570 | 382,224 | 63,346 | 13.3 | 49% |
| 2022 | 461,291 | 474,053 | −12,762 | 10.4 | 47% |
| 2023 | 499,138 | 499,846 | −708 | 9.8 | 48% |
In its most recent public year (2023), this organization spent $708 more than it brought in. Its reserves stood at about 9.8 months of spending, up from 5.7 in 2011. Staff pay was 48% 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
Life Transforming Ministries's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works