Newcorp Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2022 | 1,647,488 | 1,267,116 | 380,372 | 60.8 | 42% |
| 2023 | 1,113,447 | 1,181,399 | −67,952 | 51.4 | 48% |
In its most recent public year (2023), this organization spent $67,952 more than it brought in. Its reserves stood at about 51.4 months of spending, down from 60.8 in 2022. Staff pay was 48% of spending. $6,115,623 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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