Clothed By Faith Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 256,106 | 279,967 | −23,861 | 5.2 | 51% |
| 2021 | 356,951 | 306,080 | 50,871 | 6.7 | 46% |
| 2022 | 583,928 | 441,745 | 142,183 | 8.5 | 49% |
| 2023 | 590,446 | 644,549 | −54,103 | 4.8 | 51% |
In its most recent public year (2023), this organization spent $54,103 more than it brought in. Its reserves stood at about 4.8 months of spending. Staff pay was 51% of spending. $36,314 of its net assets are donor-restricted.
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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