Steep Rock Association Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,169,475 | 689,323 | 480,152 | 330.6 | 41% |
| 2021 | 3,201,901 | 878,155 | 2,323,746 | 285.3 | 36% |
| 2022 | 3,016,328 | 881,821 | 2,134,507 | 302.5 | 43% |
| 2023 | 4,167,096 | 991,457 | 3,175,639 | 314.0 | 43% |
In its most recent public year (2023), this organization brought in $3,175,639 more than it spent. Its reserves stood at about 314 months of spending, down from 330.6 in 2020. Staff pay was 43% of spending. $693,405 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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