Endowment Fund Of The First Baptist Church Of Laurel Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | −46,253 | 24,552 | −70,805 | 707.3 | 0% |
| 2021 | 120,064 | 31,240 | 88,824 | 627.5 | 0% |
| 2022 | 51,741 | 36,168 | 15,573 | 430.6 | 0% |
| 2023 | 2,755 | 35,545 | −32,790 | 504.4 | 0% |
In its most recent public year (2023), this organization spent $32,790 more than it brought in. Its reserves stood at about 504.4 months of spending, down from 707.3 in 2020. Staff pay was 0% of spending. $1,493,966 of its net assets are donor-restricted.
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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