Believe & Inspire
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 66,480 | 51,518 | 14,962 | 2.3 | 0% |
| 2020 | 126,746 | 125,652 | 1,094 | 1.0 | 13% |
| 2021 | 202,787 | 294,687 | −91,900 | -3.3 | 10% |
| 2022 | 269,841 | 352,839 | −82,998 | -2.8 | 6% |
| 2023 | 138,160 | 166,006 | −27,846 | -20.3 | 8% |
In its most recent public year (2023), this organization spent $27,846 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-20.3 months), down from 2.3 in 2019. Staff pay was 8% 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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