Charis Bible Colleges Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 15,338,789 | 13,484,435 | 1,854,354 | 0.9 | 47% |
| 2021 | 16,851,733 | 13,385,662 | 3,466,071 | 3.5 | 57% |
| 2022 | 14,402,297 | 29,328,707 | −14,926,410 | -4.6 | 36% |
| 2023 | 21,683,289 | 29,979,689 | −8,296,400 | -7.8 | 50% |
In its most recent public year (2023), this organization spent $8,296,400 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-7.8 months), down from 0.9 in 2019. Staff pay was 50% of spending. $3,250,453 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 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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