Well Ministries
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 65,902 | 65,261 | 641 | 0.3 | — |
| 2022 | 119,769 | 140,899 | −21,130 | 1.8 | — |
| 2023 | 195,888 | 178,045 | 17,843 | 2.7 | 45% |
In its most recent public year (2023), this organization brought in $17,843 more than it spent. Its reserves stood at about 2.7 months of spending, up from 0.3 in 2020. Staff pay was 45% 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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