New Beginnings Law Center
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 102,780 | 61,945 | 40,835 | 2.0 | — |
| 2020 | 136,207 | 77,944 | 58,263 | 7.0 | — |
| 2021 | 102,488 | 94,420 | 8,068 | 6.8 | — |
| 2022 | 101,392 | 101,391 | 1 | 6.3 | — |
| 2023 | 125,655 | 120,538 | 5,117 | 0.9 | — |
In its most recent public year (2023), this organization brought in $5,117 more than it spent. Its reserves stood at about 0.9 months of spending, down from 2 in 2019.
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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