Carpenter S Closet Outreach Ministries Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,290 | 3,597 | −1,307 | 11.5 | — |
| 2021 | 5,801 | 6,033 | −232 | 6.4 | — |
| 2022 | 4,276 | 4,434 | −158 | 8.3 | — |
| 2023 | 0 | 2,909 | −2,909 | 0.6 | — |
In its most recent public year (2023), this organization spent $2,909 more than it brought in. Its reserves stood at about 0.6 months of spending, down from 11.5 in 2020.
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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