Operating record

Undercurrent Inc

San Rafael, CA · EIN 20-1660757 · files full Form 990 · latest public year 2023

YearMoney inMoney outResultReserve mo.Staffing
2020$2,013,252$5,147,862−$3,134,6105.31%
2021$8,348,585$4,732,654$3,615,93114.91%
2022$4,526,811$9,204,577−$4,677,7661.61%
2023$454,388$1,405,841−$951,4532.16%

In its most recent public year (2023), this organization spent $951,453 more than it brought in. Its reserves stood at about 2.1 months of spending, down from 5.3 in 2020. Staff pay was 6% 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 ↗