1040 Initiative
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 374,272 | 280,556 | 93,716 | 6.7 | 31% |
| 2012 | 560,150 | 583,256 | −23,106 | 4.1 | 22% |
| 2013 | 800,843 | 583,599 | 217,244 | 8.6 | 28% |
| 2014 | 977,116 | 636,676 | 340,440 | 14.3 | 26% |
| 2015 | 713,159 | 769,568 | −56,409 | 10.9 | 18% |
| 2016 | 757,889 | 646,911 | 110,978 | 15.1 | 21% |
| 2017 | 939,044 | 779,688 | 159,356 | 15.7 | 18% |
| 2018 | 763,735 | 689,704 | 74,031 | 18.6 | 23% |
| 2019 | 514,979 | 645,642 | −130,663 | 17.5 | 26% |
| 2020 | 492,695 | 458,936 | 33,759 | 27.3 | 30% |
| 2021 | 612,805 | 573,385 | 39,420 | 22.7 | 24% |
| 2022 | 458,522 | 563,435 | −104,913 | 20.9 | 16% |
| 2023 | 118,903 | 579,591 | −460,688 | 10.8 | 20% |
In its most recent public year (2023), this organization spent $460,688 more than it brought in. Its reserves stood at about 10.8 months of spending, up from 6.7 in 2011. Staff pay was 20% 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
1040 Initiative's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works