Bethel Lutheran Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 599,723 | 574,501 | 25,222 | 74.5 | 14% |
| 2012 | 1,394,778 | 1,115,643 | 279,135 | 44.0 | 19% |
| 2013 | 2,415,582 | 1,486,776 | 928,806 | 44.4 | 16% |
| 2014 | 2,107,895 | 1,478,140 | 629,755 | 50.1 | 17% |
| 2015 | 1,995,367 | 908,132 | 1,087,235 | 92.5 | 30% |
| 2016 | 1,630,935 | 902,601 | 728,334 | 106.5 | 30% |
| 2017 | 2,258,526 | 833,396 | 1,425,130 | 128.2 | 30% |
| 2018 | 2,096,895 | 835,364 | 1,261,531 | 138.0 | 32% |
| 2019 | 1,458,848 | 786,970 | 671,878 | 171.9 | 33% |
| 2020 | 1,462,160 | 990,172 | 471,988 | 151.4 | 25% |
| 2021 | 2,552,181 | 882,379 | 1,669,802 | 192.1 | 30% |
| 2022 | 1,864,310 | 883,266 | 981,044 | 183.4 | 32% |
| 2023 | 2,457,810 | 3,608,415 | −1,150,605 | 44.1 | 9% |
In its most recent public year (2023), this organization spent $1,150,605 more than it brought in. Its reserves stood at about 44.1 months of spending, down from 74.5 in 2011. Staff pay was 9% of spending. $1,810,354 of its net assets are donor-restricted.
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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