Blacksmith Institute Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 10,382,675 | 4,678,962 | 5,703,713 | 24.0 | 42% |
| 2021 | 10,512,947 | 5,966,870 | 4,546,077 | 26.2 | 38% |
| 2022 | 9,646,852 | 6,117,424 | 3,529,428 | 32.5 | 29% |
| 2023 | 5,230,809 | 7,015,280 | −1,784,471 | 25.3 | 31% |
In its most recent public year (2023), this organization spent $1,784,471 more than it brought in. Its reserves stood at about 25.3 months of spending, up from 24 in 2020. Staff pay was 31% of spending. $10,181,168 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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