Hollywood Prayer Network Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 195,596 | 181,420 | 14,176 | 10.0 | — |
| 2021 | 251,778 | 270,135 | −18,357 | 5.9 | 42% |
| 2022 | 1,834,367 | 264,013 | 1,570,354 | 77.4 | 47% |
| 2023 | 346,926 | 366,635 | −19,709 | 58.5 | 39% |
In its most recent public year (2023), this organization spent $19,709 more than it brought in. Its reserves stood at about 58.5 months of spending, up from 10 in 2020. Staff pay was 39% of spending. $70 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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