Change Summer Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 50,000 | 20,675 | 29,325 | 17.0 | — |
| 2019 | 1,875,727 | 1,735,721 | 140,006 | 1.2 | 31% |
| 2020 | 1,222,621 | 971,431 | 251,190 | 5.2 | 53% |
| 2021 | 2,592,483 | 2,358,671 | 233,812 | 3.3 | 38% |
| 2022 | 6,932,760 | 5,143,603 | 1,789,157 | 5.7 | 35% |
| 2023 | 5,596,465 | 6,185,573 | −589,108 | 3.6 | 41% |
In its most recent public year (2023), this organization spent $589,108 more than it brought in. Its reserves stood at about 3.6 months of spending, down from 17 in 2018. 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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