The Gem Project Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 43,593 | 18,161 | 25,432 | 17.2 | 63% |
| 2021 | 128,880 | 124,944 | 3,936 | 2.9 | 20% |
| 2022 | 115,378 | 154,863 | −39,485 | -1.0 | 24% |
In its most recent public year (2022), this organization spent $39,485 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-1 months), down from 17.2 in 2020. Staff pay was 24% 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 2022. 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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