Promised Ministries
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 239,313 | 61,460 | 177,853 | 34.8 | 0% |
| 2021 | 194,962 | 181,560 | 13,402 | 12.7 | 0% |
| 2022 | 190,132 | 245,232 | −55,100 | 6.7 | 0% |
| 2023 | 197,949 | 184,173 | 13,776 | 9.8 | 0% |
In its most recent public year (2023), this organization brought in $13,776 more than it spent. Its reserves stood at about 9.8 months of spending, down from 34.8 in 2020. 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 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
Promised Ministries'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