Food Connects
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 980,614 | 738,131 | 242,483 | 10.5 | 53% |
| 2021 | 866,389 | 980,595 | −114,206 | 6.5 | 54% |
| 2022 | 1,287,662 | 1,468,332 | −180,670 | 2.8 | 57% |
| 2023 | 2,247,120 | 1,812,695 | 434,425 | 4.9 | 62% |
In its most recent public year (2023), this organization brought in $434,425 more than it spent. Its reserves stood at about 4.9 months of spending, down from 10.5 in 2020. Staff pay was 62% 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 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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