Lovem Ministries Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 657,930 | 646,876 | 11,054 | 5.9 | 17% |
| 2020 | 542,126 | 419,470 | 122,656 | 12.6 | 14% |
| 2021 | 1,206,875 | 708,836 | 498,039 | 15.9 | 23% |
| 2022 | 662,275 | 831,517 | −169,242 | 3.9 | 8% |
| 2023 | 802,168 | 881,901 | −79,733 | 2.6 | 7% |
In its most recent public year (2023), this organization spent $79,733 more than it brought in. Its reserves stood at about 2.6 months of spending, down from 5.9 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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