First Nigerian Baptist Church
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2013 | 53,308 | 44,274 | 9,034 | 0.0 | 0% |
| 2014 | 68,686 | 64,140 | 4,546 | 0.9 | 0% |
| 2015 | 73,799 | 53,305 | 20,494 | 5.6 | 0% |
| 2016 | 107,087 | 95,033 | 12,054 | 1.5 | 0% |
| 2017 | 89,666 | 73,680 | 15,986 | 4.6 | 0% |
| 2018 | 84,227 | 37,945 | 46,282 | 23.5 | 0% |
| 2019 | 110,291 | 80,985 | 29,306 | 15.4 | 4% |
| 2020 | 94,290 | 121,797 | −27,507 | 7.5 | 6% |
| 2021 | 523,882 | 348,988 | 174,894 | 8.6 | 2% |
| 2022 | 115,685 | 335,705 | −220,020 | 10.1 | 0% |
| 2023 | 139,456 | 167,365 | −27,909 | 18.2 | 24% |
In its most recent public year (2023), this organization spent $27,909 more than it brought in. Its reserves stood at about 18.2 months of spending, up from 0 in 2013. Staff pay was 24% 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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