Family Promise Of Hudson County A New Nj Nonprofit Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 0 | 0 | 0 | — | — |
| 2017 | 7,399 | 0 | 7,399 | — | — |
| 2018 | 54,384 | 65,118 | −10,734 | -0.6 | 32% |
| 2019 | 128,442 | 107,874 | 20,568 | 1.9 | — |
| 2020 | 88,787 | 88,424 | 363 | 2.3 | — |
| 2021 | 196,065 | 189,295 | 6,770 | 1.5 | — |
| 2022 | 256,649 | 212,714 | 43,935 | 3.8 | 45% |
| 2023 | 140,883 | 193,288 | −52,405 | -3.3 | — |
In its most recent public year (2023), this organization spent $52,405 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-3.3 months).
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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