New Foundations Development Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 152,217 | 160,856 | −8,639 | 5.4 | 21% |
| 2022 | 217,817 | 214,059 | 3,758 | 4.3 | 0% |
| 2023 | 174,311 | 158,311 | 16,000 | 7.0 | — |
| 2024 | 669,695 | 589,655 | 80,040 | 3.5 | 0% |
In its most recent public year (2024), this organization brought in $80,040 more than it spent. Its reserves stood at about 3.5 months of spending, down from 5.4 in 2021. Staff pay was 0% 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 2024. 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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