Psalm 823 Mission Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 414,095 | 334,681 | 79,414 | 6.8 | 12% |
| 2021 | 649,958 | 604,430 | 45,528 | 4.6 | 11% |
| 2022 | 265,090 | 302,521 | −37,431 | 7.9 | 11% |
In its most recent public year (2022), this organization spent $37,431 more than it brought in. Its reserves stood at about 7.9 months of spending, up from 6.8 in 2020. Staff pay was 11% of spending. $187,654 of its net assets are donor-restricted.
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 2022. 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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