Innove Studios
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2017 | 129,759 | 71,552 | 58,207 | 9.8 | — |
| 2018 | 83,317 | 101,979 | −18,662 | 4.7 | — |
| 2019 | 53,784 | 86,455 | −32,671 | 1.0 | — |
| 2020 | 23,973 | 23,328 | 645 | 4.2 | — |
In its most recent public year (2020), this organization brought in $645 more than it spent. Its reserves stood at about 4.2 months of spending, down from 9.8 in 2017.
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 2020. 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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