Shadow Project
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 124,736 | 104,517 | 20,219 | 9.9 | — |
| 2012 | 140,289 | 131,231 | 9,058 | 8.7 | — |
| 2013 | 159,812 | 147,853 | 11,959 | 8.7 | — |
| 2014 | 267,427 | 213,101 | 54,326 | 9.1 | 55% |
| 2015 | 256,869 | 266,163 | −9,294 | 6.9 | 46% |
| 2016 | 382,091 | 344,791 | 37,300 | 6.6 | 50% |
| 2017 | 383,645 | 375,965 | 7,680 | 6.3 | 53% |
| 2018 | 363,983 | 386,640 | −22,657 | 5.4 | 57% |
| 2019 | 411,854 | 405,663 | 6,191 | 5.4 | 58% |
| 2020 | 445,884 | 424,785 | 21,099 | 5.7 | 51% |
| 2021 | 573,087 | 413,307 | 159,780 | 10.6 | 62% |
| 2022 | 599,212 | 473,693 | 125,519 | 12.5 | 59% |
| 2023 | 569,359 | 606,095 | −36,736 | 9.0 | 40% |
In its most recent public year (2023), this organization spent $36,736 more than it brought in. Its reserves stood at about 9 months of spending. Staff pay was 40% of spending. $86,820 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
Shadow Project's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works