The 516 Project Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 115,644 | 89,504 | 26,140 | 7.9 | — |
| 2020 | 195,955 | 161,818 | 34,137 | 7.1 | — |
| 2021 | 276,793 | 272,530 | 4,263 | 5.7 | 23% |
| 2022 | 805,197 | 532,223 | 272,974 | 9.3 | 37% |
| 2023 | 429,885 | 590,061 | −160,176 | 5.1 | 31% |
In its most recent public year (2023), this organization spent $160,176 more than it brought in. Its reserves stood at about 5.1 months of spending, down from 7.9 in 2019. Staff pay was 31% 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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