Building Equity Initiative Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2017 | 775,929 | 776,218 | −289 | -0.0 | 0% |
| 2018 | 1,182,363 | 958,941 | 223,422 | 2.8 | 0% |
| 2019 | 927,756 | 1,469,568 | −541,812 | -2.6 | 0% |
| 2020 | 1,996,561 | 2,395,842 | −399,281 | -3.6 | 0% |
| 2021 | 3,488,358 | 3,411,401 | 76,957 | -2.3 | 0% |
| 2022 | 4,870,506 | 5,422,522 | −552,016 | 0.9 | 0% |
| 2023 | 19,001,730 | 7,632,794 | 11,368,936 | 18.3 | 0% |
In its most recent public year (2023), this organization brought in $11,368,936 more than it spent. Its reserves stood at about 18.3 months of spending, up from 0 in 2017. Staff pay was 0% of spending. $12,000,000 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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