Horizonte Ministries
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 503,760 | 461,611 | 42,149 | 3.7 | 3% |
| 2021 | 383,106 | 382,690 | 416 | 4.5 | 3% |
| 2022 | 317,852 | 362,482 | −44,630 | 3.3 | 0% |
| 2023 | 292,289 | 309,027 | −16,738 | 3.2 | 0% |
In its most recent public year (2023), this organization spent $16,738 more than it brought in. Its reserves stood at about 3.2 months of spending. 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 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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