Second Chance Through Faith
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 346,165 | 360,363 | −14,198 | 2.4 | 35% |
| 2021 | 404,332 | 361,224 | 43,108 | 4.1 | 30% |
| 2022 | 451,340 | 488,713 | −37,373 | 2.1 | 18% |
| 2023 | 456,251 | 501,353 | −45,102 | 1.0 | 28% |
In its most recent public year (2023), this organization spent $45,102 more than it brought in. Its reserves stood at about 1 months of spending, down from 2.4 in 2020. Staff pay was 28% 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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