Family Promise Of Skagit Valley
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 59,809 | 2,177 | 57,632 | 317.7 | — |
| 2015 | 129,720 | 112,184 | 17,536 | 7.9 | — |
| 2016 | 192,736 | 169,054 | 23,682 | 6.9 | — |
| 2017 | 248,904 | 201,306 | 47,598 | 8.7 | 59% |
| 2018 | 251,796 | 222,181 | 29,615 | 9.4 | 53% |
| 2019 | 275,182 | 233,155 | 42,027 | 11.2 | 42% |
| 2020 | 586,531 | 406,214 | 180,317 | 11.7 | 35% |
| 2021 | 515,700 | 506,117 | 9,583 | 9.6 | 49% |
| 2022 | 585,463 | 667,828 | −82,365 | 5.8 | 48% |
| 2023 | 692,878 | 710,408 | −17,530 | 5.2 | 47% |
In its most recent public year (2023), this organization spent $17,530 more than it brought in. Its reserves stood at about 5.2 months of spending, down from 317.7 in 2014. Staff pay was 47% of spending. $45,654 of its net assets are donor-restricted.
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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