Connect Ministries
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 111,224 | 94,494 | 16,730 | 3.5 | — |
| 2016 | 272,130 | 167,953 | 104,177 | 10.2 | 20% |
| 2017 | 295,401 | 262,881 | 32,520 | 8.0 | 18% |
| 2018 | 363,938 | 233,933 | 130,005 | 14.5 | 42% |
| 2019 | 325,310 | 229,798 | 95,512 | 19.8 | 34% |
| 2020 | 230,783 | 177,078 | 53,705 | 29.3 | 28% |
| 2021 | 226,713 | 175,795 | 50,918 | 33.0 | 29% |
| 2022 | 191,046 | 186,106 | 4,940 | 29.2 | 28% |
| 2023 | 210,700 | 159,292 | 51,408 | 38.0 | 29% |
In its most recent public year (2023), this organization brought in $51,408 more than it spent. Its reserves stood at about 38 months of spending, up from 3.5 in 2015. Staff pay was 29% 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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