Foodbank Of Southeastern Virginia
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 36,548,687 | 31,708,143 | 4,840,544 | 7.7 | 9% |
| 2021 | 41,922,785 | 38,092,808 | 3,829,977 | 8.1 | 9% |
| 2022 | 36,248,967 | 37,660,834 | −1,411,867 | 7.3 | 9% |
| 2023 | 46,085,772 | 45,537,832 | 547,940 | 6.3 | 9% |
In its most recent public year (2023), this organization brought in $547,940 more than it spent. Its reserves stood at about 6.3 months of spending, down from 7.7 in 2020. Staff pay was 9% of spending. $2,435,085 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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