Instruments Of Praise Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 35,564 | 30,455 | 5,109 | -20.3 | — |
| 2011 | 42,250 | 27,218 | 15,032 | -16.1 | — |
| 2012 | 24,219 | 20,842 | 3,377 | -20.6 | — |
| 2013 | 18,349 | 18,220 | 129 | -23.6 | — |
| 2014 | 24,679 | 24,412 | 267 | -17.4 | — |
| 2015 | 33,107 | 32,418 | 689 | -13.1 | — |
| 2016 | 59,966 | 60,084 | −118 | -7.1 | — |
| 2017 | 61,034 | 60,496 | 538 | -7.0 | — |
| 2018 | 62,301 | 62,427 | −126 | 0.1 | — |
| 2019 | 45,182 | 44,154 | 1,028 | 0.4 | — |
| 2020 | 26,558 | 29,320 | −2,762 | 1.8 | — |
| 2021 | 22,118 | 46,030 | −23,912 | -5.1 | — |
| 2022 | 36,169 | 36,874 | −705 | -6.6 | — |
| 2023 | 41,858 | 44,819 | −2,961 | -6.2 | — |
In its most recent public year (2023), this organization spent $2,961 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-6.2 months), up from -20.3 in 2010.
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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