Oceans Ministries
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 84,430 | 67,830 | 16,600 | 6.6 | 72% |
| 2016 | 173,544 | 119,893 | 53,651 | 9.1 | 50% |
| 2017 | 233,801 | 187,459 | 46,342 | 8.8 | 44% |
| 2018 | 508,732 | 450,626 | 58,106 | 5.2 | 26% |
| 2019 | 444,612 | 385,316 | 59,296 | 7.9 | 32% |
| 2020 | 462,398 | 331,655 | 130,743 | 13.9 | 39% |
| 2021 | 540,589 | 250,066 | 290,523 | 32.4 | 54% |
| 2022 | 410,628 | 331,387 | 79,241 | 27.3 | 45% |
| 2023 | 695,532 | 558,472 | 137,060 | 19.2 | 30% |
In its most recent public year (2023), this organization brought in $137,060 more than it spent. Its reserves stood at about 19.2 months of spending, up from 6.6 in 2015. Staff pay was 30% 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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