Bags Foundation Ct Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 300,764 | 285,875 | 14,889 | 1.5 | 42% |
| 2020 | 346,490 | 349,019 | −2,529 | 0.6 | 54% |
| 2021 | 726,215 | 737,811 | −11,596 | -0.2 | 66% |
| 2022 | 1,209,126 | 1,170,171 | 38,955 | 0.3 | 64% |
In its most recent public year (2022), this organization brought in $38,955 more than it spent. Its reserves stood at about 0.3 months of spending, down from 1.5 in 2019. Staff pay was 64% 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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