Praise Network Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2022 | 1,147,952 | 1,173,677 | −25,725 | 5.7 | 47% |
| 2023 | 1,305,974 | 1,209,146 | 96,828 | 8.6 | 49% |
In its most recent public year (2023), this organization brought in $96,828 more than it spent. Its reserves stood at about 8.6 months of spending, up from 5.7 in 2022. Staff pay was 49% of spending. $18,668 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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