Psalm68five Ministries
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 168,501 | 69,622 | 98,879 | 25.4 | — |
| 2017 | 71,400 | 126,105 | −54,705 | 8.8 | — |
| 2018 | 132,405 | 150,481 | −18,076 | 5.9 | — |
| 2019 | 190,375 | 158,830 | 31,545 | 8.0 | — |
| 2020 | 66,547 | 44,277 | 22,270 | 34.8 | — |
| 2021 | 237,417 | 107,120 | 130,297 | 29.0 | 0% |
| 2022 | 286,549 | 302,611 | −16,062 | 9.6 | 0% |
| 2023 | 99,958 | 229,887 | −129,929 | 5.9 | — |
In its most recent public year (2023), this organization spent $129,929 more than it brought in. Its reserves stood at about 5.9 months of spending, down from 25.4 in 2016.
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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