Crescent Food Bank
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,321,441 | 2,171,743 | 149,698 | 1.3 | 8% |
| 2021 | 6,002,180 | 2,922,983 | 3,079,197 | 13.6 | 7% |
| 2022 | 3,241,836 | 2,034,224 | 1,207,612 | 26.7 | 13% |
| 2023 | 301,356 | 2,474,448 | −2,173,092 | 11.4 | 3% |
In its most recent public year (2023), this organization spent $2,173,092 more than it brought in. Its reserves stood at about 11.4 months of spending, up from 1.3 in 2020. Staff pay was 3% 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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