Palm Avenue Baptist Tower Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 2,590,697 | 2,298,806 | 291,891 | 1.2 | 13% |
| 2013 | 2,662,779 | 2,532,680 | 130,099 | 1.7 | 12% |
| 2014 | 2,571,384 | 2,301,761 | 269,623 | 3.3 | 13% |
| 2015 | 2,506,007 | 2,249,418 | 256,589 | 4.7 | 13% |
| 2016 | 2,422,759 | 2,937,813 | −515,054 | 1.5 | 11% |
| 2017 | 2,581,036 | 2,486,622 | 94,414 | 2.2 | 12% |
| 2018 | 2,563,790 | 2,436,972 | 126,818 | 2.9 | 15% |
| 2019 | 2,598,669 | 2,550,966 | 47,703 | 3.0 | 15% |
| 2020 | 2,659,052 | 2,794,882 | −135,830 | 2.1 | 17% |
| 2021 | 2,803,570 | 2,796,774 | 6,796 | 2.7 | 14% |
| 2022 | 3,024,442 | 3,130,887 | −106,445 | 2.5 | 15% |
| 2023 | 3,154,100 | 3,211,500 | −57,400 | 2.2 | 17% |
In its most recent public year (2023), this organization spent $57,400 more than it brought in. Its reserves stood at about 2.2 months of spending, up from 1.2 in 2012. Staff pay was 17% 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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