Payomet Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 34,669 | 41,060 | −6,391 | -0.3 | — |
| 2017 | 38,629 | 38,785 | −156 | -0.4 | — |
| 2018 | 60,565 | 59,252 | 1,313 | 0.0 | — |
| 2019 | 1,635,430 | 1,531,758 | 103,672 | 3.3 | 19% |
| 2020 | 574,263 | 527,345 | 46,918 | 12.0 | 41% |
| 2021 | 1,608,583 | 1,154,478 | 454,105 | 10.2 | 27% |
| 2022 | 1,736,365 | 1,689,409 | 46,956 | 7.3 | 22% |
| 2023 | 1,992,287 | 2,132,099 | −139,812 | 5.0 | 28% |
In its most recent public year (2023), this organization spent $139,812 more than it brought in. Its reserves stood at about 5 months of spending, up from -0.3 in 2016. Staff pay was 28% of spending. $14,750 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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