Soulforce Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,001,911 | 264,774 | 737,137 | 42.6 | 76% |
| 2021 | 909,189 | 1,240,941 | −331,752 | 10.2 | 22% |
| 2022 | 1,095,511 | 807,456 | 288,055 | 20.1 | 39% |
| 2023 | 908,261 | 1,214,781 | −306,520 | 10.3 | 21% |
In its most recent public year (2023), this organization spent $306,520 more than it brought in. Its reserves stood at about 10.3 months of spending, down from 42.6 in 2020. Staff pay was 21% of spending. $147,599 of its net assets are donor-restricted.
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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