Cape Fear Network Of Baptist Churches
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 347,445 | 279,127 | 68,318 | 92.2 | 20% |
| 2021 | 172,626 | 205,380 | −32,754 | 123.4 | 12% |
| 2022 | 157,333 | 159,917 | −2,584 | 159.9 | 40% |
| 2023 | 196,745 | 172,615 | 24,130 | 146.9 | 58% |
In its most recent public year (2023), this organization brought in $24,130 more than it spent. Its reserves stood at about 146.9 months of spending, up from 92.2 in 2020. Staff pay was 58% 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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