Memorial Endowment Fund First Presbyterian Church Of South Bend
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,997 | 40,322 | −38,325 | 72.8 | — |
| 2012 | 19,712 | 39,990 | −20,278 | 67.3 | — |
| 2013 | 28,093 | 40,041 | −11,948 | 63.6 | — |
| 2014 | 465,962 | 77,555 | 388,407 | 92.9 | 5% |
| 2015 | 46,825 | 108,477 | −61,652 | 59.6 | 6% |
| 2016 | 17,897 | 43,359 | −25,462 | 142.1 | 14% |
| 2017 | 490,341 | 55,088 | 435,253 | 206.7 | 14% |
| 2018 | 38,675 | 264,929 | −226,254 | 32.7 | 4% |
| 2019 | 31,061 | 274,343 | −243,282 | 21.0 | 3% |
| 2020 | 48,528 | 114,958 | −66,430 | 43.1 | 5% |
| 2021 | 158,307 | 57,784 | 100,523 | 106.6 | 11% |
| 2022 | 2,048 | 107,321 | −105,273 | 45.6 | 5% |
| 2023 | −2,724 | 116,307 | −119,031 | 29.8 | 4% |
In its most recent public year (2023), this organization spent $119,031 more than it brought in. Its reserves stood at about 29.8 months of spending, down from 72.8 in 2011. Staff pay was 4% 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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