New Avenue Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 34,602 | 41,510 | −6,908 | 1.0 | — |
| 2021 | 5,579 | 12,357 | −6,778 | -3.2 | — |
| 2022 | 29,989 | 37,284 | −7,295 | -3.4 | — |
| 2023 | 7,446 | 9,863 | −2,417 | -15.8 | — |
In its most recent public year (2023), this organization spent $2,417 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-15.8 months), down from 1 in 2020.
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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