Biblical Faith Ministries Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 271,086 | 270,404 | 682 | 2.7 | 13% |
| 2020 | 197,350 | 198,190 | −840 | 0.7 | 6% |
| 2021 | 176,571 | 179,158 | −2,587 | 0.3 | 7% |
| 2022 | 158,993 | 151,028 | 7,965 | 0.7 | 9% |
| 2023 | 144,092 | 137,848 | 6,244 | 0.5 | 7% |
In its most recent public year (2023), this organization brought in $6,244 more than it spent. Its reserves stood at about 0.5 months of spending, down from 2.7 in 2019. 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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