Equip Life Ministries
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 68,853 | 43,018 | 25,835 | 7.2 | — |
| 2019 | 118,466 | 125,921 | −7,455 | 1.8 | 0% |
| 2020 | 146,946 | 145,690 | 1,256 | 1.6 | 12% |
| 2021 | 176,912 | 175,724 | 1,188 | 1.4 | 22% |
| 2022 | 117,813 | 114,236 | 3,577 | 2.5 | 12% |
| 2023 | 107,154 | 77,719 | 29,435 | 8.3 | 15% |
In its most recent public year (2023), this organization brought in $29,435 more than it spent. Its reserves stood at about 8.3 months of spending, up from 7.2 in 2018. Staff pay was 15% 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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