The Word Of Faith Ministries Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 656,499 | 609,283 | 47,216 | 18.7 | 11% |
| 2011 | 452,234 | 490,243 | −38,009 | 23.0 | 10% |
| 2012 | 435,252 | 433,576 | 1,676 | 26.0 | 17% |
| 2013 | 408,268 | 407,360 | 908 | 27.7 | 16% |
| 2014 | 372,241 | 370,433 | 1,808 | 30.6 | 0% |
| 2015 | 414,436 | 392,946 | 21,490 | 29.5 | 4% |
| 2016 | 560,732 | 489,183 | 71,549 | 25.4 | 3% |
| 2017 | 621,392 | 495,965 | 125,427 | 28.1 | 3% |
| 2018 | 711,044 | 618,377 | 92,667 | 24.3 | 3% |
| 2019 | 805,867 | 720,944 | 84,923 | 22.3 | 3% |
| 2020 | 779,496 | 772,700 | 6,796 | 20.9 | 2% |
| 2021 | 1,059,269 | 1,034,313 | 24,956 | 15.9 | 2% |
| 2022 | 1,187,329 | 1,157,765 | 29,564 | 14.5 | 2% |
| 2023 | 1,093,742 | 1,110,413 | −16,671 | 15.0 | 7% |
In its most recent public year (2023), this organization spent $16,671 more than it brought in. Its reserves stood at about 15 months of spending, down from 18.7 in 2010. 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
The Word Of Faith Ministries Inc's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works