Higher Purpose Co
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 1,522,645 | 349,152 | 1,173,493 | 40.8 | 33% |
| 2020 | 2,226,835 | 1,360,344 | 866,491 | 17.5 | 28% |
| 2021 | 1,518,587 | 1,140,551 | 378,036 | 21.0 | 33% |
| 2022 | 864,131 | 1,065,452 | −201,321 | 20.0 | 35% |
| 2023 | 1,823,132 | 2,591,129 | −767,997 | 5.9 | 32% |
In its most recent public year (2023), this organization spent $767,997 more than it brought in. Its reserves stood at about 5.9 months of spending, down from 40.8 in 2019. Staff pay was 32% of spending. $809,332 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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