Masschallenge
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 2,141,891 | 2,213,441 | −71,550 | 0.3 | 18% |
| 2011 | 2,821,348 | 3,059,555 | −238,207 | -0.7 | 18% |
| 2012 | 3,937,310 | 3,527,333 | 409,977 | 0.8 | 17% |
| 2013 | 4,959,384 | 4,730,422 | 228,962 | 1.2 | 20% |
| 2014 | 5,602,696 | 6,464,160 | −861,464 | -0.7 | 28% |
| 2015 | 6,803,325 | 7,505,676 | −702,351 | -1.9 | 33% |
| 2016 | 10,000,411 | 9,601,335 | 399,076 | -0.8 | 39% |
| 2017 | 11,217,980 | 12,753,346 | −1,535,366 | -0.5 | 45% |
| 2018 | 12,958,434 | 14,178,427 | −1,219,993 | 0.3 | 36% |
| 2019 | 14,287,663 | 15,769,581 | −1,481,918 | 0.8 | 48% |
| 2020 | 14,091,804 | 13,876,692 | 215,112 | 1.6 | 55% |
| 2021 | 12,993,021 | 13,201,500 | −208,479 | 7.3 | 51% |
| 2022 | 10,179,370 | 11,098,508 | −919,138 | 7.7 | 52% |
| 2023 | 10,286,561 | 11,179,155 | −892,594 | 6.7 | 50% |
In its most recent public year (2023), this organization spent $892,594 more than it brought in. Its reserves stood at about 6.7 months of spending, up from 0.3 in 2010. Staff pay was 50% of spending. $3,837,846 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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