Heritage Towers Of The Christian Church Doc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 770,941 | 771,055 | −114 | -4.3 | 22% |
| 2021 | 765,084 | 752,675 | 12,409 | -4.2 | 25% |
| 2022 | 748,313 | 778,443 | −30,130 | -4.5 | 28% |
| 2023 | 751,406 | 821,371 | −69,965 | -5.3 | 27% |
In its most recent public year (2023), this organization spent $69,965 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-5.3 months). Staff pay was 27% 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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