Phit World Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 84,500 | 59,427 | 25,073 | 10.2 | — |
| 2019 | 1,312,230 | 615,008 | 697,222 | 14.6 | 0% |
| 2020 | 425,848 | 737,572 | −311,724 | 7.0 | 3% |
| 2021 | 533,996 | 280,836 | 253,160 | 30.2 | 9% |
| 2022 | 529,850 | 582,365 | −52,515 | 13.5 | 4% |
| 2023 | 492,409 | 526,365 | −33,956 | 14.2 | 5% |
In its most recent public year (2023), this organization spent $33,956 more than it brought in. Its reserves stood at about 14.2 months of spending, up from 10.2 in 2018. Staff pay was 5% 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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