Lon Solomon Ministries
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 578,989 | 241,676 | 337,313 | 19.3 | 5% |
| 2019 | 598,801 | 483,504 | 115,297 | 12.5 | 6% |
| 2020 | 576,666 | 536,165 | 40,501 | 12.2 | 8% |
| 2021 | 812,223 | 558,638 | 253,585 | 17.1 | 7% |
| 2022 | 845,228 | 775,058 | 70,170 | 13.4 | 6% |
| 2023 | 1,051,322 | 1,216,697 | −165,375 | 6.9 | 4% |
In its most recent public year (2023), this organization spent $165,375 more than it brought in. Its reserves stood at about 6.9 months of spending, down from 19.3 in 2018. Staff pay was 4% 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
Lon Solomon Ministries's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works