Redemption Chapel Ministries
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 0 | 0 | 0 | — | — |
| 2013 | 31,535 | 29,672 | 1,863 | 0.8 | 0% |
| 2014 | 51,367 | 55,982 | −4,615 | 0.0 | 0% |
| 2015 | 57,794 | 55,829 | 1,965 | 0.4 | 0% |
| 2016 | 50,948 | 47,751 | 3,197 | 0.8 | 0% |
| 2017 | 48,145 | 39,425 | 8,720 | 3.6 | 0% |
| 2019 | 27,288 | 26,758 | 530 | 0.9 | 0% |
| 2020 | 44,177 | 40,514 | 3,663 | 1.6 | 0% |
| 2021 | 23,262 | 25,735 | −2,473 | 1.4 | 0% |
In its most recent public year (2021), this organization spent $2,473 more than it brought in. Its reserves stood at about 1.4 months of spending. Staff pay was 0% 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 2021. 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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