Simpson Street Free Press Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 515,824 | 262,099 | 253,725 | 14.7 | 37% |
| 2021 | 505,019 | 414,612 | 90,407 | 11.9 | 31% |
| 2022 | 438,546 | 507,503 | −68,957 | 7.3 | 44% |
| 2023 | 434,818 | 463,748 | −28,930 | 7.2 | 69% |
In its most recent public year (2023), this organization spent $28,930 more than it brought in. Its reserves stood at about 7.2 months of spending, down from 14.7 in 2020. Staff pay was 69% of spending. $75,000 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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