Praise & Worship Outreach Church And Ministries
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 24,700 | 20,720 | 3,980 | 2.3 | 9% |
| 2020 | 11,000 | 7,033 | 3,967 | 6.8 | 13% |
| 2021 | 2,000 | 22,875 | −20,875 | -11.0 | 0% |
| 2022 | 2,500 | 8,775 | −6,275 | -8.6 | 0% |
| 2023 | 37,000 | 39,362 | −2,362 | -0.7 | 61% |
In its most recent public year (2023), this organization spent $2,362 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-0.7 months), down from 2.3 in 2019. Staff pay was 61% 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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