Promise Landing Farm Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 127,660 | 91,596 | 36,064 | 4.7 | — |
| 2019 | 306,035 | 224,161 | 81,874 | 6.3 | 24% |
| 2020 | 363,222 | 390,501 | −27,279 | 4.3 | 45% |
| 2021 | 598,983 | 456,605 | 142,378 | 7.4 | 52% |
| 2022 | 518,469 | 658,008 | −139,539 | 2.6 | 55% |
| 2023 | 736,021 | 826,832 | −90,811 | 0.7 | 52% |
In its most recent public year (2023), this organization spent $90,811 more than it brought in. Its reserves stood at about 0.7 months of spending, down from 4.7 in 2018. Staff pay was 52% 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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