Next Step Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,102,850 | 899,416 | 203,434 | 7.9 | 55% |
| 2021 | 1,269,000 | 1,159,874 | 109,126 | 7.3 | 52% |
| 2022 | 1,804,054 | 1,786,666 | 17,388 | 4.8 | 57% |
| 2023 | 2,971,595 | 2,712,063 | 259,532 | 4.3 | 57% |
In its most recent public year (2023), this organization brought in $259,532 more than it spent. Its reserves stood at about 4.3 months of spending, down from 7.9 in 2020. Staff pay was 57% 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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