New Life Community Church
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 586,155 | 520,857 | 65,298 | 17.6 | 0% |
| 2020 | 0 | 363,222 | −363,222 | 32.7 | 0% |
In its most recent public year (2020), this organization spent $363,222 more than it brought in. Its reserves stood at about 32.7 months of spending, up from 17.6 in 2019. Staff pay was 0% 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 2020. 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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