K-Connect
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,186,270 | 889,006 | 297,264 | 12.4 | 41% |
| 2021 | 1,122,990 | 537,567 | 585,423 | 33.6 | 52% |
| 2022 | 539,869 | 747,060 | −207,191 | 20.8 | 55% |
| 2023 | 761,725 | 1,079,976 | −318,251 | 10.9 | 45% |
In its most recent public year (2023), this organization spent $318,251 more than it brought in. Its reserves stood at about 10.9 months of spending, down from 12.4 in 2020. Staff pay was 45% of spending. $640,437 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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