Milk Bank Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,640,499 | 1,385,661 | 254,838 | 9.2 | 37% |
| 2021 | 2,090,441 | 1,705,081 | 385,360 | 10.3 | 34% |
| 2022 | 2,505,212 | 2,009,879 | 495,333 | 11.7 | 31% |
| 2023 | 2,916,030 | 2,024,149 | 891,881 | 17.0 | 39% |
In its most recent public year (2023), this organization brought in $891,881 more than it spent. Its reserves stood at about 17 months of spending, up from 9.2 in 2020. Staff pay was 39% of spending. $28,331 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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