Carmel Prayer Tower Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 715,711 | 362,233 | 353,478 | 48.5 | 0% |
| 2011 | 806,256 | 477,725 | 328,531 | 45.0 | 0% |
| 2012 | 873,101 | 506,906 | 366,195 | 51.1 | 0% |
| 2013 | 821,371 | 584,610 | 236,761 | 49.2 | 0% |
| 2014 | 1,764,352 | 610,147 | 1,154,205 | 69.8 | 0% |
| 2015 | 2,078,569 | 571,048 | 1,507,521 | 106.3 | 0% |
| 2016 | 553,824 | 343,964 | 209,860 | 183.8 | 0% |
| 2017 | 287,198 | 441,086 | −153,888 | 139.1 | 0% |
| 2018 | 377,059 | 1,499,581 | −1,122,522 | 31.9 | 0% |
| 2019 | 194,300 | 320,865 | −126,565 | 144.5 | 0% |
| 2020 | 0 | 0 | 0 | — | — |
| 2021 | 21,940 | 95,943 | −74,003 | 487.8 | 0% |
| 2022 | 101,900 | 173,663 | −71,763 | 264.6 | 0% |
In its most recent public year (2022), this organization spent $71,763 more than it brought in. Its reserves stood at about 264.6 months of spending, up from 48.5 in 2010. 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 2022. 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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