Free State Project Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2013 | 181,281 | 184,067 | −2,786 | 3.6 | 9% |
| 2014 | 146,588 | 130,764 | 15,824 | 6.5 | 38% |
| 2015 | 194,088 | 212,193 | −18,105 | 3.0 | 23% |
| 2016 | 392,786 | 329,410 | 63,376 | 4.2 | 12% |
| 2017 | 183,456 | 246,315 | −62,859 | 2.8 | 11% |
| 2018 | 254,061 | 269,419 | −15,358 | 1.8 | 10% |
| 2019 | 215,714 | 207,760 | 7,954 | 2.8 | 6% |
| 2020 | 125,732 | 111,735 | 13,997 | 6.6 | 13% |
| 2021 | 299,334 | 124,286 | 175,048 | 22.9 | 10% |
| 2022 | 231,826 | 235,935 | −4,109 | 11.8 | 21% |
| 2023 | 256,959 | 265,064 | −8,105 | 10.2 | 18% |
In its most recent public year (2023), this organization spent $8,105 more than it brought in. Its reserves stood at about 10.2 months of spending, up from 3.6 in 2013. Staff pay was 18% 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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