Favor Grand Strand
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 40,916 | 33,328 | 7,588 | 8.4 | 45% |
| 2021 | 205,401 | 143,684 | 61,717 | 7.1 | 75% |
| 2022 | 205,145 | 187,043 | 18,102 | 6.6 | 54% |
In its most recent public year (2022), this organization brought in $18,102 more than it spent. Its reserves stood at about 6.6 months of spending, down from 8.4 in 2020. Staff pay was 54% 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 2022. 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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