Novel Approach Ministries Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 34,481 | 34,350 | 131 | 0.0 | — |
| 2019 | 159,176 | 76,317 | 82,859 | 13.0 | — |
| 2020 | 134,284 | 83,375 | 50,909 | 19.3 | — |
| 2021 | 133,120 | 160,139 | −27,019 | 8.0 | — |
| 2022 | 131,363 | 177,208 | −45,845 | 4.1 | — |
| 2023 | 130,675 | 166,434 | −35,759 | 1.8 | — |
In its most recent public year (2023), this organization spent $35,759 more than it brought in. Its reserves stood at about 1.8 months of spending, up from 0 in 2018.
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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