7 X 24 Exchange Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 4,291,472 | 4,027,844 | 263,628 | 9.0 | 7% |
| 2020 | 372,118 | 1,107,408 | −735,290 | 25.1 | 20% |
| 2021 | 4,084,200 | 3,348,296 | 735,904 | 11.0 | 9% |
| 2022 | 5,145,192 | 4,958,016 | 187,176 | 7.5 | 6% |
| 2023 | 5,970,880 | 5,542,303 | 428,577 | 7.8 | 6% |
In its most recent public year (2023), this organization brought in $428,577 more than it spent. Its reserves stood at about 7.8 months of spending, down from 9 in 2019. 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
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