Wells Ministries Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 65,372 | 75,215 | −9,843 | 5.7 | — |
| 2021 | 93,750 | 79,465 | 14,285 | 7.5 | — |
| 2022 | 145,371 | 129,285 | 16,086 | 6.1 | — |
| 2023 | 202,047 | 159,824 | 42,223 | 8.1 | 24% |
In its most recent public year (2023), this organization brought in $42,223 more than it spent. Its reserves stood at about 8.1 months of spending, up from 5.7 in 2020. Staff pay was 24% 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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