New Day Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 995,068 | 818,925 | 176,143 | 7.5 | 0% |
| 2020 | 1,113,943 | 864,096 | 249,847 | 10.6 | 53% |
| 2021 | 1,138,119 | 848,794 | 289,325 | 15.5 | 63% |
| 2022 | 1,287,742 | 922,454 | 365,288 | 18.8 | 60% |
| 2023 | 1,410,698 | 1,186,005 | 224,693 | 12.6 | 60% |
In its most recent public year (2023), this organization brought in $224,693 more than it spent. Its reserves stood at about 12.6 months of spending, up from 7.5 in 2019. Staff pay was 60% 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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