Island Time Ministries
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2017 | 155,555 | 153,764 | 1,791 | 0.0 | — |
| 2018 | 315,189 | 315,126 | 63 | 0.1 | 65% |
| 2019 | 395,526 | 367,338 | 28,188 | 1.0 | 63% |
| 2020 | 192,966 | 308,169 | −115,203 | -3.3 | — |
| 2021 | 344,871 | 370,944 | −26,073 | 0.2 | 68% |
| 2022 | 508,867 | 482,191 | 26,676 | 0.8 | 62% |
| 2023 | 653,622 | 616,991 | 36,631 | 1.4 | 56% |
In its most recent public year (2023), this organization brought in $36,631 more than it spent. Its reserves stood at about 1.4 months of spending, up from 0 in 2017. Staff pay was 56% 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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