First Descents
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,801,154 | 1,490,465 | 310,689 | 5.1 | 27% |
| 2012 | 2,008,143 | 1,940,822 | 67,321 | 4.3 | 30% |
| 2013 | 2,197,840 | 2,063,431 | 134,409 | 4.8 | 32% |
| 2014 | 2,576,803 | 2,148,256 | 428,547 | 7.1 | 33% |
| 2015 | 3,096,389 | 2,903,127 | 193,262 | 6.0 | 26% |
| 2016 | 2,435,282 | 2,708,046 | −272,764 | 7.6 | 33% |
| 2017 | 3,428,253 | 2,999,416 | 428,837 | 8.6 | 32% |
| 2018 | 3,915,929 | 3,116,989 | 798,940 | 8.3 | 33% |
| 2019 | 3,585,157 | 3,141,034 | 444,123 | 9.7 | 38% |
| 2020 | 5,353,262 | 2,286,273 | 3,066,989 | 29.4 | 65% |
| 2021 | 4,632,014 | 2,535,532 | 2,096,482 | 33.9 | 45% |
| 2022 | 4,698,091 | 3,978,589 | 719,502 | 26.5 | 9% |
| 2023 | 4,687,860 | 4,618,131 | 69,729 | 20.9 | 0% |
In its most recent public year (2023), this organization brought in $69,729 more than it spent. Its reserves stood at about 20.9 months of spending, up from 5.1 in 2011. Staff pay was 0% of spending. $694,187 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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