Living Praise Ministries
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 38,528 | 33,748 | 4,780 | 27.5 | — |
| 2021 | 39,499 | 32,337 | 7,162 | 31.3 | — |
| 2022 | 42,520 | 43,110 | −590 | 23.3 | — |
| 2023 | 40,573 | 47,422 | −6,849 | 19.5 | — |
In its most recent public year (2023), this organization spent $6,849 more than it brought in. Its reserves stood at about 19.5 months of spending, down from 27.5 in 2020.
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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