Chicago Praise Ministries
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 96,309 | 38,563 | 57,746 | 4.0 | — |
| 2019 | 44,970 | 28,628 | 16,342 | 1.1 | — |
| 2020 | 48,702 | 26,556 | 22,146 | 11.2 | — |
| 2021 | 39,508 | 40,156 | −648 | 0.7 | — |
| 2022 | 55,530 | 55,399 | 131 | 0.6 | — |
| 2023 | 61,310 | 62,446 | −1,136 | 0.3 | — |
In its most recent public year (2023), this organization spent $1,136 more than it brought in. Its reserves stood at about 0.3 months of spending, down from 4 in 2018.
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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