Precept Ministries Of Reach Out Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 14,008,004 | 11,522,360 | 2,485,644 | 11.4 | 38% |
| 2012 | 13,224,166 | 13,141,261 | 82,905 | 10.1 | 37% |
| 2013 | 14,137,481 | 12,972,696 | 1,164,785 | 11.3 | 38% |
| 2014 | 13,058,188 | 13,916,033 | −857,845 | 9.8 | 35% |
| 2015 | 12,165,754 | 13,149,004 | −983,250 | 9.3 | 38% |
| 2016 | 11,626,104 | 13,546,049 | −1,919,945 | 7.3 | 38% |
| 2017 | 11,995,979 | 11,730,640 | 265,339 | 8.7 | 37% |
| 2018 | 12,307,449 | 12,200,457 | 106,992 | 8.5 | 35% |
| 2019 | 11,616,691 | 12,856,116 | −1,239,425 | 6.9 | 37% |
| 2020 | 11,229,018 | 11,994,028 | −765,010 | 6.6 | 41% |
| 2021 | 15,669,576 | 11,826,128 | 3,843,448 | 10.6 | 37% |
| 2022 | 13,043,409 | 13,763,464 | −720,055 | 8.5 | 35% |
| 2023 | 11,912,882 | 15,057,934 | −3,145,052 | 5.3 | 37% |
In its most recent public year (2023), this organization spent $3,145,052 more than it brought in. Its reserves stood at about 5.3 months of spending, down from 11.4 in 2011. Staff pay was 37% 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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