Global Ministries Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 4,890,889 | 3,367,648 | 1,523,241 | 60.6 | 28% |
| 2021 | 5,793,917 | 3,646,408 | 2,147,509 | 67.0 | 26% |
| 2022 | 4,627,834 | 10,120,000 | −5,492,166 | 17.4 | 10% |
| 2023 | 1,132,458 | 12,869,723 | −11,737,265 | 2.7 | 7% |
In its most recent public year (2023), this organization spent $11,737,265 more than it brought in. Its reserves stood at about 2.7 months of spending, down from 60.6 in 2020. Staff pay was 7% 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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