Iac & Frc Ministries
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 51,964 | 53,048 | −1,084 | 0.6 | — |
| 2021 | 58,263 | 58,689 | −426 | 0.5 | — |
| 2022 | 33,193 | 30,314 | 2,879 | 2.1 | — |
| 2023 | 27,392 | 29,908 | −2,516 | 1.1 | — |
In its most recent public year (2023), this organization spent $2,516 more than it brought in. Its reserves stood at about 1.1 months 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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