Friends Of Switchpoint Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 2,368,304 | 2,112,343 | 255,961 | 2.4 | 14% |
| 2016 | 4,428,788 | 4,228,943 | 199,845 | 1.8 | 15% |
| 2017 | 5,009,270 | 4,229,786 | 779,484 | 3.3 | 20% |
| 2018 | 5,560,014 | 4,606,901 | 953,113 | 4.7 | 19% |
| 2019 | 6,900,025 | 4,795,264 | 2,104,761 | 9.5 | 25% |
| 2020 | 7,490,772 | 6,885,797 | 604,975 | 7.6 | 34% |
| 2021 | 16,354,391 | 11,808,234 | 4,546,157 | 9.0 | 35% |
| 2022 | 25,790,999 | 13,125,257 | 12,665,742 | 20.3 | 34% |
| 2023 | 31,300,537 | 17,568,066 | 13,732,471 | 24.5 | 31% |
In its most recent public year (2023), this organization brought in $13,732,471 more than it spent. Its reserves stood at about 24.5 months of spending, up from 2.4 in 2015. Staff pay was 31% of spending. $1,102,500 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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