Families First In Cabarrus County Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 741,978 | 569,346 | 172,632 | 6.0 | 71% |
| 2022 | 895,932 | 713,587 | 182,345 | 7.9 | 64% |
| 2023 | 749,683 | 710,869 | 38,814 | 8.6 | 70% |
In its most recent public year (2023), this organization brought in $38,814 more than it spent. Its reserves stood at about 8.6 months of spending, up from 6 in 2021. Staff pay was 70% of spending. $7,500 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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