Faithacts For Education Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 301,000 | 59,275 | 241,725 | 48.9 | 73% |
| 2015 | 678,111 | 508,531 | 169,580 | 9.7 | 54% |
| 2016 | 1,025,845 | 786,847 | 238,998 | 9.9 | 47% |
| 2017 | 1,202,033 | 857,776 | 344,257 | 13.9 | 53% |
| 2018 | 833,726 | 1,265,735 | −432,009 | 5.3 | 38% |
| 2019 | 1,564,882 | 1,243,935 | 320,947 | 8.5 | 43% |
| 2020 | 2,131,679 | 2,007,840 | 123,839 | 6.0 | 33% |
| 2021 | 3,964,948 | 2,396,136 | 1,568,812 | 12.9 | 47% |
| 2022 | 2,237,538 | 3,196,645 | −959,107 | 6.1 | 47% |
| 2023 | 2,582,845 | 3,198,272 | −615,427 | 3.8 | 49% |
In its most recent public year (2023), this organization spent $615,427 more than it brought in. Its reserves stood at about 3.8 months of spending, down from 48.9 in 2014. Staff pay was 49% of spending. $761,660 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
Faithacts For Education Inc's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works