Seeds Of Faith Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 717,863 | 357,854 | 360,009 | 24.1 | 58% |
| 2021 | 1,010,701 | 452,375 | 558,326 | 33.9 | 48% |
| 2022 | 559,032 | 605,968 | −46,936 | 24.3 | 49% |
| 2023 | 466,526 | 602,936 | −136,410 | 21.8 | 55% |
In its most recent public year (2023), this organization spent $136,410 more than it brought in. Its reserves stood at about 21.8 months of spending, down from 24.1 in 2020. Staff pay was 55% of spending. $3,624 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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