New Day Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 7,170,376 | 5,738,621 | 1,431,755 | 16.7 | 61% |
| 2021 | 6,703,112 | 5,719,391 | 983,721 | 18.9 | 63% |
| 2022 | 4,894,274 | 6,929,641 | −2,035,367 | 12.0 | 53% |
| 2023 | 5,571,414 | 6,580,312 | −1,008,898 | 10.9 | 61% |
In its most recent public year (2023), this organization spent $1,008,898 more than it brought in. Its reserves stood at about 10.9 months of spending, down from 16.7 in 2020. Staff pay was 61% of spending.
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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