The following financial review covers the National Office of the Salvation Army and all of its affiliates in the USA. This information is based on the unaudited combined financial review in The Salvation Army’s 2013 annual report.
Total Revenue: $4,078,331,000
Total Expenses: $3,289,394,000
Income in excess of expenses: $788,937,000
Beginning net assets: $8,706,558,000
Other changes in net assets: -$153,856,000
Ending net assets: $9,341,639,000
Total liabilities: $4,340,270,000
Total assets: $13,681,909,000
Note 2: In the above financial review, other changes in net assets include pension related expenses (-$107,370,000), change in venture ($161,000), change in fair value of interest rate swaps (-$12,844,000), and change in estimated additional minimum liability for retirement benefits (-$33,803,000).