Cardinal Bay Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 22,819,495 | 23,756,441 | −936,946 | -0.5 | 25% |
| 2017 | 38,205,117 | 39,782,913 | −1,577,796 | -0.8 | 26% |
| 2018 | 39,326,858 | 40,544,057 | −1,217,199 | -1.1 | 26% |
| 2019 | 39,930,501 | 41,593,096 | −1,662,595 | -1.6 | 26% |
| 2020 | 37,782,896 | 41,931,447 | −4,148,551 | -2.7 | 28% |
| 2021 | 38,962,126 | 41,273,265 | −2,311,139 | -3.4 | 26% |
| 2022 | 39,334,699 | 44,843,774 | −5,509,075 | -4.6 | 26% |
| 2023 | 42,013,715 | 45,916,569 | −3,902,854 | -5.6 | 29% |
In its most recent public year (2023), this organization spent $3,902,854 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-5.6 months), down from -0.5 in 2016. Staff pay was 29% 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
Cardinal Bay Inc's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works