The Possible Project Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 7,660,656 | 7,117,277 | 543,379 | 2.3 | 55% |
| 2021 | 12,891,174 | 7,544,166 | 5,347,008 | 10.7 | 53% |
| 2022 | 6,882,430 | 11,376,082 | −4,493,652 | 2.4 | 46% |
| 2023 | 11,536,577 | 15,858,509 | −4,321,932 | -1.6 | 51% |
In its most recent public year (2023), this organization spent $4,321,932 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-1.6 months), down from 2.3 in 2020. Staff pay was 51% of spending. $325,000 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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