Understory Initiative
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 172,208 | 150,774 | 21,434 | 1.7 | — |
| 2021 | 322,519 | 320,898 | 1,621 | 0.9 | 64% |
| 2022 | 504,573 | 449,028 | 55,545 | 2.1 | 62% |
| 2023 | 774,853 | 781,490 | −6,637 | 1.1 | 56% |
In its most recent public year (2023), this organization spent $6,637 more than it brought in. Its reserves stood at about 1.1 months of spending. Staff pay was 56% 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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