Racine Vocational Ministry Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 504,565 | 433,071 | 71,494 | 6.2 | 56% |
| 2011 | 304,021 | 403,913 | −99,892 | 3.6 | 59% |
| 2012 | 370,767 | 473,824 | −103,057 | 0.5 | 59% |
| 2013 | 504,095 | 469,135 | 34,960 | 1.4 | 64% |
| 2014 | 514,443 | 516,191 | −1,748 | 1.2 | 58% |
| 2015 | 613,005 | 574,044 | 38,961 | 1.9 | 59% |
| 2016 | 399,768 | 458,345 | −58,577 | 0.9 | 60% |
| 2017 | 388,380 | 374,812 | 13,568 | 1.5 | 59% |
| 2018 | 506,921 | 435,157 | 71,764 | 3.3 | 59% |
| 2019 | 415,829 | 446,757 | −30,928 | 2.3 | 59% |
| 2020 | 486,609 | 478,067 | 8,542 | 2.4 | 57% |
| 2021 | 684,268 | 507,315 | 176,953 | 6.4 | 57% |
| 2022 | 525,837 | 479,103 | 46,734 | 8.0 | 56% |
| 2023 | 713,245 | 630,473 | 82,772 | 7.6 | 61% |
In its most recent public year (2023), this organization brought in $82,772 more than it spent. Its reserves stood at about 7.6 months of spending, up from 6.2 in 2010. Staff pay was 61% of spending. $51,928 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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