Credence Village Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 12,057 | 43,291 | −31,234 | 1.6 | 37% |
| 2019 | 146,738 | 140,156 | 6,582 | 1.1 | — |
| 2020 | 288,061 | 240,601 | 47,460 | 1.5 | 22% |
| 2021 | 334,859 | 317,122 | 17,737 | 1.8 | 21% |
| 2022 | 505,689 | 426,372 | 79,317 | 3.6 | 16% |
| 2023 | 819,903 | 615,612 | 204,291 | 6.5 | 12% |
In its most recent public year (2023), this organization brought in $204,291 more than it spent. Its reserves stood at about 6.5 months of spending, up from 1.6 in 2018. Staff pay was 12% 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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