The Converse Home Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 5,591,848 | 5,523,658 | 68,190 | 7.2 | 60% |
| 2021 | 5,234,000 | 5,641,832 | −407,832 | 6.8 | 60% |
| 2022 | 5,936,204 | 5,938,382 | −2,178 | 5.8 | 59% |
| 2023 | 5,880,219 | 5,952,899 | −72,680 | 5.8 | 59% |
In its most recent public year (2023), this organization spent $72,680 more than it brought in. Its reserves stood at about 5.8 months of spending, down from 7.2 in 2020. Staff pay was 59% of spending. $56,690 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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