Duet Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 2,616,940 | 4,012,354 | −1,395,414 | 19.5 | 60% |
| 2022 | 4,938,474 | 4,342,935 | 595,539 | 19.6 | 55% |
| 2023 | 2,737,246 | 4,483,294 | −1,746,048 | 14.3 | 58% |
In its most recent public year (2023), this organization spent $1,746,048 more than it brought in. Its reserves stood at about 14.3 months of spending, down from 19.5 in 2021. Staff pay was 58% of spending. $1,517,647 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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