Portland Backpack
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 761,570 | 620,859 | 140,711 | 4.4 | 12% |
| 2022 | 319,426 | 348,815 | −29,389 | 6.9 | 30% |
| 2023 | 557,129 | 524,466 | 32,663 | 5.3 | 33% |
| 2024 | 564,823 | 647,886 | −83,063 | 2.8 | 34% |
In its most recent public year (2024), this organization spent $83,063 more than it brought in. Its reserves stood at about 2.8 months of spending, down from 4.4 in 2021. Staff pay was 34% of spending. $55,832 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 2024. 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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