Faithful Circle Quilters
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 38,406 | 31,852 | 6,554 | 21.2 | — |
| 2012 | 26,684 | 33,231 | −6,547 | 17.9 | — |
| 2013 | 37,493 | 28,944 | 8,549 | 24.1 | — |
| 2017 | 49,284 | 36,687 | 12,597 | 25.0 | — |
| 2018 | 34,634 | 42,280 | −7,646 | 19.5 | — |
| 2019 | 64,205 | 57,257 | 6,948 | 15.9 | — |
In its most recent public year (2019), this organization brought in $6,948 more than it spent. Its reserves stood at about 15.9 months of spending, down from 21.2 in 2011.
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 2019. 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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