New Venture Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 975,483,022 | 658,874,215 | 316,608,807 | 13.0 | 9% |
| 2021 | 963,814,870 | 552,517,598 | 411,297,272 | 24.3 | 13% |
| 2022 | 755,584,165 | 825,032,231 | −69,448,066 | 13.0 | 10% |
| 2023 | 669,088,461 | 894,839,728 | −225,751,267 | 8.4 | 10% |
In its most recent public year (2023), this organization spent $225,751,267 more than it brought in. Its reserves stood at about 8.4 months of spending, down from 13 in 2020. Staff pay was 10% of spending. $570,823,155 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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