Primary Source Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,015,692 | 944,455 | 71,237 | 2.7 | 59% |
| 2021 | 1,214,924 | 1,061,753 | 153,171 | 4.1 | 62% |
| 2022 | 1,269,755 | 1,105,934 | 163,821 | 5.7 | 63% |
| 2023 | 1,106,353 | 1,130,622 | −24,269 | 5.3 | 60% |
In its most recent public year (2023), this organization spent $24,269 more than it brought in. Its reserves stood at about 5.3 months of spending, up from 2.7 in 2020. Staff pay was 60% of spending. $65,986 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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