In His Steps Ministries Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 837,832 | 506,225 | 331,607 | 44.4 | 67% |
| 2021 | 774,747 | 523,644 | 251,103 | 48.7 | 66% |
| 2022 | 875,635 | 589,397 | 286,238 | 49.1 | 63% |
| 2023 | 870,303 | 615,899 | 254,404 | 52.0 | 62% |
In its most recent public year (2023), this organization brought in $254,404 more than it spent. Its reserves stood at about 52 months of spending, up from 44.4 in 2020. Staff pay was 62% of spending. $578,437 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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