Faithworks Of The Inner City Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,118,636 | 892,929 | 1,225,707 | 44.2 | 36% |
| 2021 | 1,885,777 | 1,262,722 | 623,055 | 37.2 | 30% |
| 2022 | 1,435,287 | 1,093,000 | 342,287 | 46.7 | 38% |
| 2023 | 2,799,903 | 1,243,812 | 1,556,091 | 56.1 | 32% |
In its most recent public year (2023), this organization brought in $1,556,091 more than it spent. Its reserves stood at about 56.1 months of spending, up from 44.2 in 2020. Staff pay was 32% 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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