New Beginnings For Tomorrow Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 21,949 | 6,328 | 15,621 | 29.6 | — |
| 2016 | 146,085 | 81,006 | 65,079 | 12.0 | — |
| 2017 | 529,370 | 384,608 | 144,762 | 7.0 | 40% |
| 2018 | 879,648 | 650,786 | 228,862 | 8.4 | 44% |
| 2019 | 1,297,564 | 1,048,948 | 248,616 | 7.6 | 47% |
| 2020 | 1,970,018 | 1,577,778 | 392,240 | 7.8 | 49% |
| 2021 | 1,808,806 | 1,804,567 | 4,239 | 6.9 | 49% |
| 2022 | 2,625,645 | 2,108,838 | 516,807 | 9.0 | 49% |
| 2023 | 3,531,268 | 3,163,303 | 367,965 | 7.4 | 54% |
In its most recent public year (2023), this organization brought in $367,965 more than it spent. Its reserves stood at about 7.4 months of spending, down from 29.6 in 2015. Staff pay was 54% of spending. $1,909,607 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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