Promise Of Life Network
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 578,538 | 415,746 | 162,792 | 13.5 | 61% |
| 2021 | 786,921 | 454,981 | 331,940 | 21.3 | 67% |
| 2022 | 693,230 | 659,495 | 33,735 | 14.2 | 65% |
| 2023 | 670,689 | 783,098 | −112,409 | 8.2 | 64% |
In its most recent public year (2023), this organization spent $112,409 more than it brought in. Its reserves stood at about 8.2 months of spending, down from 13.5 in 2020. Staff pay was 64% 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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