Open Channels New York Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 534,106 | 761,441 | −227,335 | 60.7 | 37% |
| 2021 | 582,872 | 675,191 | −92,319 | 66.8 | 28% |
| 2022 | 801,997 | 717,004 | 84,993 | 64.4 | 35% |
| 2023 | 578,661 | 855,129 | −276,468 | 50.1 | 25% |
In its most recent public year (2023), this organization spent $276,468 more than it brought in. Its reserves stood at about 50.1 months of spending, down from 60.7 in 2020. Staff pay was 25% of spending. $100,870 of its net assets are donor-restricted.
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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