Furniture Bank
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 5,404,358 | 5,429,394 | −25,036 | 2.4 | 20% |
| 2021 | 6,546,446 | 6,787,757 | −241,311 | 1.5 | 19% |
| 2022 | 6,054,139 | 6,418,720 | −364,581 | 0.9 | 19% |
In its most recent public year (2022), this organization spent $364,581 more than it brought in. Its reserves stood at about 0.9 months of spending, down from 2.4 in 2020. Staff pay was 19% 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 2022. 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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