Torch Of Christ Ministries
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 522,805 | 240,410 | 282,395 | 16.6 | 29% |
| 2021 | 295,133 | 294,276 | 857 | 13.6 | 27% |
| 2022 | 231,308 | 267,383 | −36,075 | 13.3 | 31% |
| 2023 | 194,830 | 243,308 | −48,478 | 12.3 | 36% |
In its most recent public year (2023), this organization spent $48,478 more than it brought in. Its reserves stood at about 12.3 months of spending, down from 16.6 in 2020. Staff pay was 36% 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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