Glory Project Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 116,235 | 49,904 | 66,331 | 18.3 | — |
| 2022 | 259,117 | 271,217 | −12,100 | 2.8 | 19% |
| 2023 | 477,636 | 408,146 | 69,490 | 3.9 | 9% |
In its most recent public year (2023), this organization brought in $69,490 more than it spent. Its reserves stood at about 3.9 months of spending, down from 18.3 in 2021. Staff pay was 9% of spending. $100,000 of its net assets are donor-restricted.
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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