Faith Outreach Ministries Of The Grand Strand
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 70,615 | 45,336 | 25,279 | 12.7 | — |
| 2022 | 31,964 | 55,406 | −23,442 | 5.3 | — |
In its most recent public year (2022), this organization spent $23,442 more than it brought in. Its reserves stood at about 5.3 months of spending, down from 12.7 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 2022. 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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