Virginia Beach Justice Initiative
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 37,917 | 7,926 | 29,991 | 49.9 | — |
| 2015 | 28,271 | 44,052 | −15,781 | 4.7 | — |
| 2016 | 92,636 | 65,941 | 26,695 | 8.0 | — |
| 2017 | 187,263 | 141,346 | 45,917 | 7.8 | 61% |
| 2018 | 268,509 | 244,128 | 24,381 | 5.3 | 52% |
| 2019 | 314,232 | 310,002 | 4,230 | 4.4 | 45% |
| 2020 | 287,876 | 360,456 | −72,580 | 1.3 | 59% |
| 2021 | 692,519 | 351,383 | 341,136 | 13.0 | 61% |
| 2022 | 510,741 | 481,263 | 29,478 | 10.2 | 60% |
| 2023 | 386,908 | 471,333 | −84,425 | 8.3 | 60% |
In its most recent public year (2023), this organization spent $84,425 more than it brought in. Its reserves stood at about 8.3 months of spending, down from 49.9 in 2014. Staff pay was 60% of spending. $84,000 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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