Gods Way Ministries Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 846,007 | 855,219 | −9,212 | -2.7 | 35% |
| 2021 | 1,077,752 | 1,072,312 | 5,440 | -2.1 | 35% |
| 2022 | 1,226,758 | 1,118,691 | 108,067 | -0.8 | 38% |
| 2023 | 1,012,227 | 1,018,557 | −6,330 | -1.0 | 40% |
In its most recent public year (2023), this organization spent $6,330 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-1 months), up from -2.7 in 2020. Staff pay was 40% 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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