Church Of The Assumption Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 11,425 | 7,482 | 3,943 | 341.7 | — |
| 2021 | 14,264 | 4,914 | 9,350 | 543.4 | 73% |
| 2022 | −2,039 | 4,821 | −6,860 | 536.6 | 75% |
| 2023 | 2,204 | 9,144 | −6,940 | 273.8 | 39% |
In its most recent public year (2023), this organization spent $6,940 more than it brought in. Its reserves stood at about 273.8 months of spending, down from 341.7 in 2020. Staff pay was 39% 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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