Palmetto Bible Camp Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 243,082 | 183,623 | 59,459 | 54.6 | 21% |
| 2021 | 276,555 | 311,874 | −35,319 | 30.8 | 15% |
| 2022 | 303,450 | 390,190 | −86,740 | 22.0 | 13% |
| 2023 | 402,966 | 410,933 | −7,967 | 29.7 | 10% |
In its most recent public year (2023), this organization spent $7,967 more than it brought in. Its reserves stood at about 29.7 months of spending, down from 54.6 in 2020. Staff pay was 10% of spending. $242,489 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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