Needlers Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 7,850 | 3,924 | 3,926 | 228.3 | — |
| 2021 | 68,357 | 4,712 | 63,645 | 352.2 | — |
| 2022 | 263,229 | 320,283 | −57,054 | 2.9 | 0% |
| 2023 | 167,127 | 155,857 | 11,270 | 6.9 | 0% |
In its most recent public year (2023), this organization brought in $11,270 more than it spent. Its reserves stood at about 6.9 months of spending, down from 228.3 in 2020. Staff pay was 0% 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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