True Costs Initiative Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 83,216 | 67,333 | 15,883 | 2.8 | 70% |
| 2017 | 293,200 | 277,100 | 16,100 | 1.4 | 62% |
| 2018 | 450,100 | 325,537 | 124,563 | 5.8 | 65% |
| 2019 | 308,787 | 374,503 | −65,716 | 2.9 | 59% |
| 2020 | 468,787 | 371,409 | 97,378 | 6.1 | 63% |
| 2021 | 496,516 | 629,245 | −132,729 | 1.1 | 55% |
| 2022 | 936,012 | 864,880 | 71,132 | 1.8 | 68% |
| 2023 | 1,135,000 | 1,071,401 | 63,599 | 2.2 | 65% |
In its most recent public year (2023), this organization brought in $63,599 more than it spent. Its reserves stood at about 2.2 months of spending. Staff pay was 65% of spending. $5,000 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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