New Begining Fellowship Center
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 354,762 | 309,111 | 45,651 | -8.8 | 17% |
| 2021 | 353,924 | 332,135 | 21,789 | -7.4 | 33% |
| 2022 | 269,096 | 375,828 | −106,732 | -10.0 | 29% |
| 2023 | 336,223 | 334,528 | 1,695 | -11.2 | 30% |
In its most recent public year (2023), this organization brought in $1,695 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-11.2 months), down from -8.8 in 2020. Staff pay was 30% 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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