The Spero Project Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 871,022 | 810,633 | 60,389 | 4.6 | 39% |
| 2021 | 2,063,437 | 883,504 | 1,179,933 | 20.3 | 48% |
| 2022 | 2,460,091 | 2,778,539 | −318,448 | 5.1 | 55% |
| 2023 | 3,351,059 | 3,676,682 | −325,623 | 2.7 | 63% |
In its most recent public year (2023), this organization spent $325,623 more than it brought in. Its reserves stood at about 2.7 months of spending, down from 4.6 in 2020. Staff pay was 63% of spending. $154,262 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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