Second Family Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 16,917,702 | 13,526,939 | 3,390,763 | 3.9 | 64% |
| 2021 | 18,458,422 | 17,539,334 | 919,088 | 3.5 | 65% |
| 2022 | 18,134,907 | 15,833,225 | 2,301,682 | 5.6 | 56% |
| 2023 | 27,409,559 | 23,765,573 | 3,643,986 | 5.6 | 52% |
In its most recent public year (2023), this organization brought in $3,643,986 more than it spent. Its reserves stood at about 5.6 months of spending, up from 3.9 in 2020. Staff pay was 52% of spending. $4,717,037 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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