The Redbone Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 413,001 | 426,677 | −13,676 | 5.6 | 12% |
| 2020 | 211,354 | 210,678 | 676 | 11.4 | 26% |
| 2021 | 317,067 | 275,939 | 41,128 | 10.5 | 18% |
| 2022 | 169,868 | 169,266 | 602 | 17.1 | 26% |
| 2023 | 66,176 | 68,268 | −2,092 | 42.0 | 6% |
In its most recent public year (2023), this organization spent $2,092 more than it brought in. Its reserves stood at about 42 months of spending, up from 5.6 in 2019. Staff pay was 6% of spending. $112,500 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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