Life Of Promise Ministries
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 83,775 | 58,832 | 24,943 | 24.1 | — |
| 2021 | 79,540 | 73,136 | 6,404 | 20.4 | — |
| 2022 | 55,354 | 52,667 | 2,687 | 29.0 | — |
| 2023 | 43,375 | 54,490 | −11,115 | 25.5 | — |
In its most recent public year (2023), this organization spent $11,115 more than it brought in. Its reserves stood at about 25.5 months of spending, up from 24.1 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
A new entry when its next filing is released. No account, no email; works in any feed reader, Slack, or automation tool. How following works