Gary Palermo Ministries Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 67,270 | 66,937 | 333 | -2.5 | 39% |
| 2012 | 68,231 | 68,813 | −582 | -2.6 | 37% |
| 2013 | 74,606 | 73,783 | 823 | -2.3 | 37% |
| 2014 | 69,466 | 70,228 | −762 | -2.5 | 28% |
| 2015 | 61,140 | 60,587 | 553 | -2.8 | 41% |
| 2016 | 62,923 | 64,550 | −1,627 | -2.9 | 44% |
| 2017 | 73,131 | 72,026 | 1,105 | -2.4 | 40% |
| 2018 | 37,990 | 39,088 | −1,098 | -4.8 | 16% |
| 2019 | 62,000 | 61,537 | 463 | -3.0 | 51% |
| 2020 | 69,227 | 65,895 | 3,332 | -2.2 | 55% |
| 2021 | 70,292 | 72,486 | −2,194 | -2.3 | 52% |
| 2022 | 71,477 | 72,748 | −1,271 | -2.5 | 55% |
| 2023 | 68,509 | 69,060 | −551 | -2.8 | 45% |
In its most recent public year (2023), this organization spent $551 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-2.8 months). Staff pay was 45% 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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