Saturday Morning Initiative Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2017 | 12,000 | 3,000 | 9,000 | 36.0 | — |
| 2019 | 2,656,202 | 2,285,021 | 371,181 | 4.6 | 0% |
| 2020 | 241,400 | 1,552,754 | −1,311,354 | -0.6 | 14% |
| 2021 | 245,000 | 1,284,971 | −1,039,971 | -5.8 | 19% |
| 2022 | 1,641,817 | 856,158 | 785,659 | 5.6 | 28% |
| 2023 | 248,701 | 591,091 | −342,390 | 1.2 | 41% |
In its most recent public year (2023), this organization spent $342,390 more than it brought in. Its reserves stood at about 1.2 months of spending, down from 36 in 2017. Staff pay was 41% 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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