New Futures Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,387,256 | 1,979,694 | 407,562 | 8.5 | 55% |
| 2021 | 2,785,494 | 2,156,112 | 629,382 | 11.4 | 50% |
| 2022 | 2,717,782 | 2,307,002 | 410,780 | 12.5 | 47% |
| 2023 | 2,722,000 | 2,189,176 | 532,824 | 16.3 | 58% |
In its most recent public year (2023), this organization brought in $532,824 more than it spent. Its reserves stood at about 16.3 months of spending, up from 8.5 in 2020. Staff pay was 58% of spending. $880,055 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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