Faith In Minnesota
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 3,577,029 | 3,389,381 | 187,648 | 5.0 | 14% |
| 2021 | 1,722,896 | 1,392,643 | 330,253 | 15.1 | 31% |
| 2022 | 1,692,464 | 2,059,379 | −366,915 | 8.1 | 29% |
| 2023 | 1,800,128 | 1,572,781 | 227,347 | 12.3 | 14% |
In its most recent public year (2023), this organization brought in $227,347 more than it spent. Its reserves stood at about 12.3 months of spending, up from 5 in 2020. Staff pay was 14% of spending. $346,620 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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