Faith Healthcare Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 131,705 | 183,622 | −51,917 | -3.4 | — |
| 2020 | 1,727,629 | 3,753,676 | −2,026,047 | -6.6 | 61% |
| 2021 | 10,559,306 | 10,324,816 | 234,490 | -2.1 | 37% |
| 2022 | 33,347,668 | 32,807,255 | 540,413 | -0.4 | 24% |
| 2023 | 44,706,649 | 44,874,492 | −167,843 | -0.2 | 26% |
In its most recent public year (2023), this organization spent $167,843 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-0.2 months), up from -3.4 in 2019. Staff pay was 26% 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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