Mount Olive Ministry Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 499,302 | 400,348 | 98,954 | 11.0 | 15% |
| 2020 | 373,568 | 377,246 | −3,678 | 11.6 | 40% |
| 2021 | 626,421 | 421,527 | 204,894 | 16.2 | 46% |
| 2022 | 515,699 | 537,675 | −21,976 | 12.1 | 58% |
| 2023 | 662,268 | 452,063 | 210,205 | 20.1 | 50% |
In its most recent public year (2023), this organization brought in $210,205 more than it spent. Its reserves stood at about 20.1 months of spending, up from 11 in 2019. Staff pay was 50% 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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