Notes For Notes Incorporated
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,218,234 | 2,088,954 | −870,720 | 13.6 | 84% |
| 2021 | 2,515,834 | 1,958,484 | 557,350 | 16.1 | 79% |
| 2022 | 1,771,612 | 2,013,837 | −242,225 | 17.6 | 88% |
| 2023 | 2,984,788 | 2,782,380 | 202,408 | 13.1 | 66% |
In its most recent public year (2023), this organization brought in $202,408 more than it spent. Its reserves stood at about 13.1 months of spending. Staff pay was 66% of spending. $1,889,106 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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