Formidable Joy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 171,144 | 126,417 | 44,727 | 6.4 | — |
| 2019 | 181,665 | 154,273 | 27,392 | 7.4 | — |
| 2020 | 253,040 | 115,295 | 137,745 | 25.2 | 0% |
| 2021 | 217,580 | 277,102 | −59,522 | 7.7 | 0% |
| 2022 | 210,720 | 220,380 | −9,660 | 8.3 | 0% |
| 2023 | 284,801 | 245,630 | 39,171 | 9.4 | 0% |
In its most recent public year (2023), this organization brought in $39,171 more than it spent. Its reserves stood at about 9.4 months of spending, up from 6.4 in 2018. Staff pay was 0% 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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