First Love Ministries Of Morristown Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 122,786 | 69,071 | 53,715 | 9.3 | — |
| 2013 | 87,801 | 64,305 | 23,496 | 14.4 | — |
| 2014 | 54,077 | 56,968 | −2,891 | 15.7 | — |
| 2015 | 65,402 | 51,653 | 13,749 | 20.5 | — |
| 2016 | 69,675 | 69,241 | 434 | 15.3 | — |
| 2017 | 75,470 | 51,195 | 24,275 | 26.4 | — |
| 2018 | 79,941 | 64,430 | 15,511 | 23.9 | — |
| 2019 | 105,123 | 86,207 | 18,916 | 20.5 | — |
| 2020 | 89,815 | 68,211 | 21,604 | 30.4 | — |
| 2021 | 146,292 | 95,712 | 50,580 | 28.0 | — |
| 2022 | 110,088 | 76,030 | 34,058 | 40.7 | — |
| 2023 | 122,703 | 105,713 | 16,990 | 32.0 | — |
In its most recent public year (2023), this organization brought in $16,990 more than it spent. Its reserves stood at about 32 months of spending, up from 9.3 in 2012.
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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