587 Ministries Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 89,456 | 38,133 | 51,323 | 16.2 | — |
| 2012 | 129,229 | 64,668 | 64,561 | 21.5 | — |
| 2013 | 155,291 | 166,992 | −11,701 | 7.5 | — |
| 2014 | 193,282 | 179,635 | 13,647 | 7.9 | — |
| 2015 | 286,219 | 120,968 | 165,251 | 16.8 | 0% |
| 2016 | 205,478 | 196,449 | 9,029 | 10.9 | 0% |
| 2017 | 227,990 | 212,393 | 15,597 | 11.0 | 0% |
| 2018 | 209,889 | 107,754 | 102,135 | 66.1 | 33% |
| 2019 | 217,834 | 264,199 | −46,365 | 24.8 | 13% |
| 2020 | 119,359 | 130,335 | −10,976 | 49.3 | 34% |
| 2021 | 138,511 | 145,391 | −6,880 | 52.6 | 36% |
| 2022 | 141,058 | 130,511 | 10,547 | 54.0 | 38% |
| 2023 | 146,300 | 130,415 | 15,885 | 59.1 | 38% |
In its most recent public year (2023), this organization brought in $15,885 more than it spent. Its reserves stood at about 59.1 months of spending, up from 16.2 in 2011. Staff pay was 38% 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
587 Ministries Inc's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works