Rec Ministries
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 1,348,390 | 1,441,996 | −93,606 | 91.5 | 29% |
| 2011 | 959,639 | 1,720,739 | −761,100 | 71.4 | 21% |
| 2012 | 1,158,236 | 1,304,064 | −145,828 | 92.8 | 25% |
| 2013 | −5,494,811 | 1,646,880 | −7,141,691 | 21.5 | 34% |
| 2014 | 371,618 | 592,588 | −220,970 | 55.2 | 35% |
| 2015 | 317,934 | 549,664 | −231,730 | 54.5 | 21% |
| 2016 | 185,980 | 531,665 | −345,685 | 48.5 | 25% |
| 2017 | 291,619 | 497,469 | −205,850 | 46.9 | 30% |
| 2018 | 220,214 | 422,102 | −201,888 | 49.5 | 25% |
| 2019 | 217,700 | 314,349 | −96,649 | 62.8 | 27% |
| 2020 | 124,277 | 316,628 | −192,351 | 55.1 | 25% |
| 2021 | −488,343 | 221,353 | −709,696 | 40.3 | 40% |
| 2022 | 136,976 | 265,524 | −128,548 | 27.8 | 28% |
| 2023 | 65,512 | 242,674 | −177,162 | 21.6 | 32% |
In its most recent public year (2023), this organization spent $177,162 more than it brought in. Its reserves stood at about 21.6 months of spending, down from 91.5 in 2010. Staff pay was 32% 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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