Fonag Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 308,437 | 384,222 | −75,785 | 0.7 | 0% |
| 2021 | 439,614 | 495,182 | −55,568 | 0.5 | 0% |
| 2022 | 486,663 | 494,224 | −7,561 | 0.5 | 0% |
| 2023 | 398,552 | 520,199 | −121,647 | 0.5 | 0% |
In its most recent public year (2023), this organization spent $121,647 more than it brought in. Its reserves stood at about 0.5 months of spending. Staff pay was 0% 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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