Business Forward Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 705,610 | 715,010 | −9,400 | 1.3 | 50% |
| 2020 | 1,556,527 | 999,575 | 556,952 | 7.6 | 47% |
| 2021 | 4,093,500 | 2,328,220 | 1,765,280 | 12.4 | 40% |
| 2022 | 3,662,919 | 2,490,728 | 1,172,191 | 17.2 | 55% |
| 2023 | 3,317,196 | 2,697,460 | 619,736 | 18.6 | 45% |
In its most recent public year (2023), this organization brought in $619,736 more than it spent. Its reserves stood at about 18.6 months of spending, up from 1.3 in 2019. Staff pay was 45% 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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