Fairhaven Ministry Of Faith Hope And Love
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 275,703 | 312,468 | −36,765 | 20.2 | 6% |
| 2012 | 232,493 | 303,575 | −71,082 | 18.0 | 7% |
| 2013 | 341,008 | 317,486 | 23,522 | 18.1 | 6% |
| 2014 | 313,489 | 357,857 | −44,368 | 14.6 | 6% |
| 2015 | 485,137 | 569,147 | −84,010 | 7.4 | 3% |
| 2016 | 295,889 | 373,571 | −77,682 | 8.8 | 5% |
| 2017 | 466,960 | 390,645 | 76,315 | 10.7 | 5% |
| 2018 | 275,930 | 299,035 | −23,105 | 13.1 | 7% |
| 2019 | 577,312 | 399,412 | 177,900 | 15.1 | 5% |
| 2020 | 205,316 | 323,216 | −117,900 | 14.3 | 6% |
| 2021 | 277,797 | 310,047 | −32,250 | 13.7 | 6% |
| 2022 | 302,199 | 292,573 | 9,626 | 14.9 | 7% |
| 2023 | 214,229 | 265,406 | −51,177 | 14.1 | 7% |
In its most recent public year (2023), this organization spent $51,177 more than it brought in. Its reserves stood at about 14.1 months of spending, down from 20.2 in 2011. Staff pay was 7% 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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