The Redeemed Christian Church Of God Family Praise Chapel Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 663,116 | 474,639 | 188,477 | 29.2 | 21% |
| 2015 | 651,484 | 483,470 | 168,014 | 32.8 | 24% |
| 2016 | 731,759 | 559,825 | 171,934 | 32.0 | 26% |
| 2017 | 730,111 | 652,311 | 77,800 | 28.9 | 29% |
| 2018 | 790,014 | 664,986 | 125,028 | 30.6 | 29% |
| 2019 | 839,804 | 728,649 | 111,155 | 29.8 | 23% |
| 2020 | 754,983 | 539,240 | 215,743 | 45.0 | 31% |
| 2021 | 881,167 | 570,249 | 310,918 | 50.2 | 25% |
| 2022 | 890,322 | 594,052 | 296,270 | 54.2 | 23% |
| 2023 | 1,121,876 | 930,650 | 191,226 | 37.1 | 14% |
In its most recent public year (2023), this organization brought in $191,226 more than it spent. Its reserves stood at about 37.1 months of spending, up from 29.2 in 2014. Staff pay was 14% 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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