Sam Adeyemi Ministries Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 51,416 | 17,367 | 34,049 | 23.5 | — |
| 2015 | 159,216 | 160,447 | −1,231 | 2.5 | — |
| 2016 | 198,821 | 216,817 | −17,996 | 0.8 | — |
| 2017 | 357,408 | 385,938 | −28,530 | -0.4 | 19% |
| 2018 | 355,951 | 355,311 | 640 | -0.4 | 23% |
| 2019 | 265,778 | 291,354 | −25,576 | -1.6 | 27% |
| 2020 | 237,717 | 202,541 | 35,176 | -0.2 | 36% |
| 2021 | 227,308 | 239,429 | −12,121 | -0.8 | 37% |
| 2022 | 223,535 | 219,500 | 4,035 | -0.6 | 39% |
| 2023 | 221,346 | 224,855 | −3,509 | -0.8 | 34% |
In its most recent public year (2023), this organization spent $3,509 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-0.8 months), down from 23.5 in 2014. Staff pay was 34% 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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