Converge 28
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 264,542 | 202,100 | 62,442 | 3.7 | 16% |
| 2016 | 120,006 | 149,709 | −29,703 | 2.6 | — |
| 2017 | 74,378 | 91,197 | −16,819 | 2.0 | — |
| 2018 | 66,762 | 68,970 | −2,208 | 2.2 | — |
| 2019 | 45,727 | 55,499 | −9,772 | 0.7 | — |
| 2020 | 51,476 | 28,497 | 22,979 | 11.0 | — |
In its most recent public year (2020), this organization brought in $22,979 more than it spent. Its reserves stood at about 11 months of spending, up from 3.7 in 2015.
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 2020. 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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