Newark Police Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 342,688 | 59,175 | 283,513 | 58.6 | 0% |
| 2022 | 22,079 | 64,438 | −42,359 | 45.9 | 0% |
| 2023 | 6,050 | 40,058 | −34,008 | 63.7 | — |
In its most recent public year (2023), this organization spent $34,008 more than it brought in. Its reserves stood at about 63.7 months of spending, up from 58.6 in 2021.
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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