Virsa Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 6,334 | 56,734 | −50,400 | -12.2 | — |
| 2021 | 29,392 | 94,860 | −65,468 | -15.6 | — |
| 2022 | 7,203 | 28,330 | −21,127 | -61.1 | — |
In its most recent public year (2022), this organization spent $21,127 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-61.1 months), down from -12.2 in 2020.
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 2022. 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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