Red Bag Ministry
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 50,831 | 40,236 | 10,595 | 8.6 | — |
| 2022 | 62,233 | 40,972 | 21,261 | 14.7 | — |
| 2023 | 55,684 | 65,410 | −9,726 | 7.4 | — |
In its most recent public year (2023), this organization spent $9,726 more than it brought in. Its reserves stood at about 7.4 months of spending, down from 8.6 in 2021.
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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