Groundwork Northeast Revitalization Group Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 81,688 | 68,637 | 13,051 | 7.3 | — |
| 2016 | 115,334 | 105,947 | 9,387 | 5.8 | — |
| 2017 | 123,352 | 113,010 | 10,342 | 6.5 | — |
| 2018 | 149,344 | 134,479 | 14,865 | 6.8 | — |
| 2019 | 280,085 | 167,862 | 112,223 | 13.5 | 51% |
| 2020 | 345,372 | 238,076 | 107,296 | 15.2 | 56% |
| 2021 | 1,247,383 | 397,519 | 849,864 | 34.7 | 66% |
| 2022 | 956,161 | 627,241 | 328,920 | 28.3 | 45% |
| 2023 | 1,007,822 | 1,177,704 | −169,882 | 13.3 | 44% |
In its most recent public year (2023), this organization spent $169,882 more than it brought in. Its reserves stood at about 13.3 months of spending, up from 7.3 in 2015. Staff pay was 44% of spending. $709,512 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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