Workfirst Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 591,788 | 522,578 | 69,210 | 2.3 | 10% |
| 2021 | 1,430,765 | 886,663 | 544,102 | 8.7 | 11% |
| 2022 | 633,091 | 1,125,413 | −492,322 | 1.6 | 9% |
| 2023 | 528,240 | 611,935 | −83,695 | 1.3 | 7% |
In its most recent public year (2023), this organization spent $83,695 more than it brought in. Its reserves stood at about 1.3 months of spending. Staff pay was 7% 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
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