New Beginnings Transitional Living
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 192,899 | 218,670 | −25,771 | -12.4 | — |
| 2021 | 164,121 | 174,603 | −10,482 | -16.3 | — |
| 2022 | 181,635 | 273,087 | −91,452 | -14.4 | — |
| 2023 | 229,996 | 234,753 | −4,757 | -17.0 | 0% |
In its most recent public year (2023), this organization spent $4,757 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-17 months), down from -12.4 in 2020. Staff pay was 0% 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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