Latter Glory Ministries
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 121,977 | 126,953 | −4,976 | 3.1 | 26% |
| 2021 | 145,197 | 136,827 | 8,370 | 3.6 | 21% |
| 2022 | 255,180 | 245,030 | 10,150 | 2.5 | 12% |
| 2023 | 139,925 | 158,284 | −18,359 | 2.5 | 19% |
In its most recent public year (2023), this organization spent $18,359 more than it brought in. Its reserves stood at about 2.5 months of spending. Staff pay was 19% 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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