La Ola Ministries-The Wave
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 391,192 | 265,548 | 125,644 | 20.6 | 0% |
| 2021 | 577,786 | 260,204 | 317,582 | 36.8 | 25% |
| 2022 | 562,313 | 389,528 | 172,785 | 28.4 | 19% |
| 2023 | 627,338 | 350,293 | 277,045 | 41.1 | 19% |
In its most recent public year (2023), this organization brought in $277,045 more than it spent. Its reserves stood at about 41.1 months of spending, up from 20.6 in 2020. Staff pay was 19% 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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