Turnaround Ministries Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 219,103 | 216,760 | 2,343 | 48.9 | 0% |
| 2021 | 201,849 | 200,405 | 1,444 | 53.0 | 0% |
| 2022 | 321,887 | 293,451 | 28,436 | 37.4 | 0% |
| 2023 | 286,784 | 301,007 | −14,223 | 35.9 | 0% |
In its most recent public year (2023), this organization spent $14,223 more than it brought in. Its reserves stood at about 35.9 months of spending, down from 48.9 in 2020. Staff pay was 0% 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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