Family Promise Of Midland Texas Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 128,073 | 123,632 | 4,441 | 18.1 | — |
| 2012 | 195,209 | 147,966 | 47,243 | 19.0 | — |
| 2013 | 361,011 | 183,886 | 177,125 | 26.8 | 43% |
| 2014 | 368,356 | 306,014 | 62,342 | 20.1 | 36% |
| 2015 | 543,204 | 378,895 | 164,309 | 21.5 | 39% |
| 2016 | 407,215 | 410,543 | −3,328 | 19.7 | 17% |
| 2017 | 572,458 | 420,369 | 152,089 | 23.6 | 41% |
| 2018 | 1,350,868 | 410,579 | 940,289 | 51.7 | 42% |
| 2019 | 1,977,399 | 417,428 | 1,559,971 | 95.7 | 41% |
| 2020 | 4,317,208 | 428,903 | 3,888,305 | 201.9 | 43% |
| 2021 | 1,138,946 | 505,701 | 633,245 | 186.3 | 38% |
| 2022 | 814,626 | 807,590 | 7,036 | 116.9 | 35% |
| 2023 | 902,129 | 1,034,102 | −131,973 | 89.8 | 40% |
In its most recent public year (2023), this organization spent $131,973 more than it brought in. Its reserves stood at about 89.8 months of spending, up from 18.1 in 2011. Staff pay was 40% of spending. $12,000 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
A new entry when its next filing is released. No account, no email; works in any feed reader, Slack, or automation tool. How following works