Psalm 23 Ministries
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 11,167 | 4,273 | 6,894 | 19.4 | — |
| 2022 | 15,082 | 4,157 | 10,925 | 51.4 | — |
| 2023 | 48,456 | 41,537 | 6,919 | 7.1 | — |
In its most recent public year (2023), this organization brought in $6,919 more than it spent. Its reserves stood at about 7.1 months of spending, down from 19.4 in 2021.
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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