Faith Hope And Love Outreach Ministries Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 266,145 | 280,148 | −14,003 | 0.1 | 67% |
| 2020 | 401,705 | 391,428 | 10,277 | 0.4 | 58% |
| 2021 | 209,388 | 352,987 | −143,599 | -4.6 | 37% |
| 2022 | 499,213 | 399,012 | 100,201 | -1.0 | 59% |
| 2023 | 621,603 | 701,666 | −80,063 | -2.0 | 70% |
In its most recent public year (2023), this organization spent $80,063 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-2 months), down from 0.1 in 2019. Staff pay was 70% 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
Faith Hope And Love Outreach Ministries Inc's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works