Defy Ventures Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,630,097 | 1,858,494 | 771,603 | 6.9 | 66% |
| 2021 | 2,964,539 | 2,144,993 | 819,546 | 11.2 | 71% |
| 2022 | 3,223,061 | 2,871,906 | 351,155 | 10.0 | 68% |
| 2023 | 4,021,502 | 3,830,168 | 191,334 | 8.1 | 67% |
In its most recent public year (2023), this organization brought in $191,334 more than it spent. Its reserves stood at about 8.1 months of spending, up from 6.9 in 2020. Staff pay was 67% of spending. $1,420,166 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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