The Ibelieve Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 597,324 | 695,919 | −98,595 | 1.7 | 25% |
| 2019 | 557,508 | 648,135 | −90,627 | 0.2 | 37% |
| 2020 | 220,223 | 281,866 | −61,643 | -2.3 | 64% |
| 2021 | 332,882 | 252,975 | 79,907 | 1.3 | 64% |
| 2022 | 501,054 | 317,585 | 183,469 | 8.0 | 55% |
| 2023 | 173,515 | 356,069 | −182,554 | 0.9 | 53% |
In its most recent public year (2023), this organization spent $182,554 more than it brought in. Its reserves stood at about 0.9 months of spending. Staff pay was 53% 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 Ibelieve Foundation'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