Vessels Of Mercy International Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 238,969 | 202,477 | 36,492 | 22.9 | 31% |
| 2021 | 254,057 | 227,977 | 26,080 | 21.7 | 31% |
| 2022 | 235,405 | 251,778 | −16,373 | 18.9 | 33% |
| 2023 | 709,878 | 299,106 | 410,772 | 32.4 | 29% |
In its most recent public year (2023), this organization brought in $410,772 more than it spent. Its reserves stood at about 32.4 months of spending, up from 22.9 in 2020. Staff pay was 29% 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
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