First Contact Ministries Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 37,053 | 7,782 | 29,271 | 45.1 | — |
| 2017 | 170,267 | 162,062 | 8,205 | 2.8 | — |
| 2018 | 441,225 | 403,219 | 38,006 | 2.2 | 48% |
| 2019 | 379,396 | 440,395 | −60,999 | 0.4 | 53% |
| 2020 | 414,128 | 413,836 | 292 | 0.4 | 62% |
| 2021 | 324,309 | 322,603 | 1,706 | 0.6 | 69% |
| 2022 | 2,333,359 | 477,877 | 1,855,482 | 47.0 | 71% |
| 2023 | 436,216 | 755,826 | −319,610 | 24.6 | 53% |
In its most recent public year (2023), this organization spent $319,610 more than it brought in. Its reserves stood at about 24.6 months of spending, down from 45.1 in 2016. Staff pay was 53% of spending. $180,188 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
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