Asone Ministries
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 84,878 | 88,336 | −3,458 | 0.7 | 0% |
| 2017 | 231,235 | 172,528 | 58,707 | 4.5 | 6% |
| 2018 | 365,003 | 306,961 | 58,042 | 4.8 | 9% |
| 2019 | 601,018 | 522,046 | 78,972 | 4.6 | 11% |
| 2020 | 933,651 | 717,312 | 216,339 | 7.0 | 11% |
| 2021 | 1,194,520 | 904,292 | 290,228 | 9.4 | 11% |
| 2022 | 2,194,604 | 1,873,868 | 320,736 | 6.5 | 7% |
| 2023 | 2,670,706 | 2,205,363 | 465,343 | 8.1 | 6% |
In its most recent public year (2023), this organization brought in $465,343 more than it spent. Its reserves stood at about 8.1 months of spending, up from 0.7 in 2016. Staff pay was 6% 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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