Knit For Life
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 81,897 | 75,977 | 5,920 | 4.0 | — |
| 2020 | 65,248 | 75,602 | −10,354 | 2.2 | — |
| 2021 | 72,546 | 76,019 | −3,473 | 1.7 | — |
| 2022 | 80,575 | 70,967 | 9,608 | 3.4 | — |
| 2023 | 64,541 | 74,670 | −10,129 | 1.6 | — |
In its most recent public year (2023), this organization spent $10,129 more than it brought in. Its reserves stood at about 1.6 months of spending, down from 4 in 2019.
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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