Exchanged Life Ministries Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 173,835 | 130,392 | 43,443 | 22.2 | 50% |
| 2021 | 182,095 | 183,630 | −1,535 | 18.1 | 36% |
| 2022 | 218,530 | 174,227 | 44,303 | 19.3 | 44% |
| 2023 | 173,368 | 187,265 | −13,897 | 18.9 | 46% |
In its most recent public year (2023), this organization spent $13,897 more than it brought in. Its reserves stood at about 18.9 months of spending, down from 22.2 in 2020. Staff pay was 46% 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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