Answers By Faith Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 99,820 | 31,115 | 68,705 | 26.5 | — |
| 2019 | 33,251 | 60,600 | −27,349 | 8.2 | — |
| 2020 | 105,619 | 65,197 | 40,422 | 15.1 | — |
| 2021 | 62,038 | 86,343 | −24,305 | 8.0 | — |
| 2022 | 29,480 | 62,441 | −32,961 | 4.7 | — |
| 2023 | 12,736 | 34,029 | −21,293 | 1.1 | — |
In its most recent public year (2023), this organization spent $21,293 more than it brought in. Its reserves stood at about 1.1 months of spending, down from 26.5 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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