Songs Of Joy Ministries Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 37,114 | 35,051 | 2,063 | 1.1 | — |
| 2021 | 81,440 | 79,117 | 2,323 | 0.9 | — |
| 2022 | 124,442 | 118,890 | 5,552 | 0.6 | — |
| 2023 | 51,389 | 49,991 | 1,398 | 1.7 | — |
In its most recent public year (2023), this organization brought in $1,398 more than it spent. Its reserves stood at about 1.7 months 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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