First Connections For Early Success
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 420,426 | 318,167 | 102,259 | 3.9 | 26% |
| 2017 | 405,410 | 325,507 | 79,903 | 6.7 | 24% |
| 2018 | 332,933 | 263,812 | 69,121 | 11.4 | 32% |
| 2019 | 262,413 | 305,879 | −43,466 | 8.2 | 17% |
| 2020 | 349,248 | 360,750 | −11,502 | 6.5 | 15% |
| 2021 | 1,803,805 | 1,804,430 | −625 | 1.3 | 3% |
| 2022 | 865,017 | 918,126 | −53,109 | 1.9 | 7% |
| 2023 | 526,700 | 447,914 | 78,786 | 5.9 | 13% |
In its most recent public year (2023), this organization brought in $78,786 more than it spent. Its reserves stood at about 5.9 months of spending, up from 3.9 in 2016. Staff pay was 13% of spending. $12,617 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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