New Creation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 240,596 | 99,690 | 140,906 | 16.6 | 14% |
| 2021 | 544,068 | 531,734 | 12,334 | 3.4 | 14% |
| 2022 | 479,870 | 440,714 | 39,156 | 5.2 | 41% |
| 2023 | 1,289,917 | 793,346 | 496,571 | 10.0 | 8% |
In its most recent public year (2023), this organization brought in $496,571 more than it spent. Its reserves stood at about 10 months of spending, down from 16.6 in 2020. Staff pay was 8% 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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