Knitting Connection
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 4,530 | 7,150 | −2,620 | 2.1 | — |
| 2017 | 7,884 | 8,328 | −444 | 1.2 | — |
| 2018 | 6,364 | 6,462 | −98 | 1.3 | — |
| 2019 | 3,415 | 3,514 | −99 | 2.1 | — |
| 2020 | 4,123 | 2,407 | 1,716 | 11.7 | — |
| 2021 | 3,950 | 5,187 | −1,237 | 2.5 | — |
| 2022 | 14,580 | 5,555 | 9,025 | 21.9 | — |
| 2023 | 2,909 | 1,850 | 1,059 | 72.5 | — |
In its most recent public year (2023), this organization brought in $1,059 more than it spent. Its reserves stood at about 72.5 months of spending, up from 2.1 in 2016.
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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