Smile Farms Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 682,655 | 662,870 | 19,785 | 4.5 | 41% |
| 2020 | 684,066 | 558,559 | 125,507 | 7.7 | 58% |
| 2021 | 829,074 | 582,791 | 246,283 | 12.5 | 41% |
| 2022 | 1,001,992 | 822,918 | 179,074 | 11.1 | 40% |
| 2023 | 1,455,026 | 1,115,907 | 339,119 | 11.9 | 41% |
In its most recent public year (2023), this organization brought in $339,119 more than it spent. Its reserves stood at about 11.9 months of spending, up from 4.5 in 2019. Staff pay was 41% of spending. $65,000 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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