Hwak Shin Presbyterian Church
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 23,915 | 31,808 | −7,893 | -1.2 | 29% |
| 2016 | 25,070 | 23,254 | 1,816 | -0.7 | 28% |
| 2017 | 37,744 | 33,097 | 4,647 | 1.2 | 20% |
| 2018 | 26,607 | 26,753 | −146 | 1.4 | 25% |
| 2019 | 21,736 | 24,195 | −2,459 | 0.3 | 27% |
| 2020 | 21,741 | 10,660 | 11,081 | 13.1 | 52% |
| 2021 | 19,031 | 10,575 | 8,456 | 22.8 | 62% |
| 2022 | 5,662 | 11,651 | −5,989 | 14.6 | 57% |
| 2023 | 14,357 | 17,706 | −3,349 | 7.3 | 73% |
In its most recent public year (2023), this organization spent $3,349 more than it brought in. Its reserves stood at about 7.3 months of spending, up from -1.2 in 2015. Staff pay was 73% 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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