Legacy Of Faith Ministries
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 110,826 | 114,809 | −3,983 | 3.3 | 52% |
| 2015 | 143,679 | 143,783 | −104 | 10.5 | 42% |
| 2016 | 145,899 | 146,102 | −203 | 10.3 | 41% |
| 2017 | 108,831 | 112,487 | −3,656 | 1.2 | — |
| 2018 | 83,590 | 77,262 | 6,328 | 2.7 | — |
| 2019 | 25,966 | 22,620 | 3,346 | 10.9 | — |
| 2020 | 32,323 | 34,848 | −2,525 | 6.2 | — |
| 2021 | 77,050 | 55,034 | 22,016 | 8.8 | — |
| 2022 | 131,090 | 148,514 | −17,424 | 1.8 | — |
| 2023 | 120,617 | 103,484 | 17,133 | 4.6 | — |
In its most recent public year (2023), this organization brought in $17,133 more than it spent. Its reserves stood at about 4.6 months of spending, up from 3.3 in 2014.
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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