The Fly Initiative
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 465,650 | 70,691 | 394,959 | 72.0 | 40% |
| 2022 | 42,713 | 435,477 | −392,764 | 0.9 | 63% |
| 2023 | 717,571 | 631,930 | 85,641 | 2.3 | 61% |
In its most recent public year (2023), this organization brought in $85,641 more than it spent. Its reserves stood at about 2.3 months of spending, down from 72 in 2021. Staff pay was 61% 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
A new entry when its next filing is released. No account, no email; works in any feed reader, Slack, or automation tool. How following works