Damon Thompson Ministries
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2013 | 484,102 | 556,581 | −72,479 | 9.3 | 46% |
| 2014 | 640,266 | 543,765 | 96,501 | 11.6 | 48% |
| 2015 | 713,157 | 721,532 | −8,375 | 8.6 | 46% |
| 2016 | 858,654 | 809,923 | 48,731 | 8.4 | 46% |
| 2017 | 1,199,199 | 928,298 | 270,901 | 10.8 | 45% |
| 2018 | 1,234,375 | 909,313 | 325,062 | 15.4 | 48% |
| 2019 | 1,309,495 | 1,006,088 | 303,407 | 17.5 | 44% |
| 2020 | 2,499,784 | 1,172,343 | 1,327,441 | 28.6 | 7% |
| 2021 | 1,528,033 | 986,730 | 541,303 | 40.6 | 15% |
| 2022 | 2,103,492 | 1,127,259 | 976,233 | 45.5 | 21% |
| 2023 | 1,941,975 | 1,343,113 | 598,862 | 44.0 | 39% |
In its most recent public year (2023), this organization brought in $598,862 more than it spent. Its reserves stood at about 44 months of spending, up from 9.3 in 2013. Staff pay was 39% 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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