Groundtruth Project Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 7,773,897 | 8,483,771 | −709,874 | 13.9 | 39% |
| 2021 | 12,726,930 | 11,263,930 | 1,463,000 | 12.0 | 38% |
| 2022 | 9,104,580 | 12,665,341 | −3,560,761 | 7.3 | 35% |
| 2023 | 7,537,345 | 10,186,968 | −2,649,623 | 6.0 | 35% |
In its most recent public year (2023), this organization spent $2,649,623 more than it brought in. Its reserves stood at about 6 months of spending, down from 13.9 in 2020. Staff pay was 35% of spending. $4,078,835 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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