Truth And Love Christian Church
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 271,518 | 279,728 | −8,210 | 0.7 | 3% |
| 2020 | 237,462 | 290,270 | −52,808 | -0.8 | 8% |
In its most recent public year (2020), this organization spent $52,808 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-0.8 months), down from 0.7 in 2019. Staff pay was 8% 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 2020. 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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