Faith In Action In Red Wing
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 96,385 | 89,997 | 6,388 | 16.0 | — |
| 2020 | 87,142 | 94,041 | −6,899 | 16.6 | — |
| 2021 | 142,127 | 98,652 | 43,475 | 19.5 | — |
| 2022 | 67,472 | 72,084 | −4,612 | 25.7 | — |
| 2023 | 94,718 | 110,580 | −15,862 | 14.6 | — |
In its most recent public year (2023), this organization spent $15,862 more than it brought in. Its reserves stood at about 14.6 months of spending, down from 16 in 2019.
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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