New Horizons Foundations-A Sheet Metal Industry Initiative
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 189,757 | 227,253 | −37,496 | 262.6 | 0% |
| 2021 | 248,223 | 280,839 | −32,616 | 239.0 | 0% |
| 2022 | 254,709 | 233,689 | 21,020 | 245.2 | 0% |
| 2023 | 455,931 | 278,270 | 177,661 | 232.0 | 0% |
In its most recent public year (2023), this organization brought in $177,661 more than it spent. Its reserves stood at about 232 months of spending, down from 262.6 in 2020. Staff pay was 0% of spending. $318,711 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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