Refed Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 771,677 | 567,279 | 204,398 | 4.3 | 31% |
| 2019 | 4,376,307 | 3,468,379 | 907,928 | 3.9 | 7% |
| 2020 | 8,527,595 | 6,828,707 | 1,698,888 | 5.0 | 18% |
| 2021 | 3,044,504 | 2,920,683 | 123,821 | 12.1 | 50% |
| 2022 | 5,483,716 | 4,840,302 | 643,414 | 8.9 | 46% |
| 2023 | 12,394,783 | 6,268,073 | 6,126,710 | 18.6 | 42% |
In its most recent public year (2023), this organization brought in $6,126,710 more than it spent. Its reserves stood at about 18.6 months of spending, up from 4.3 in 2018. Staff pay was 42% of spending. $2,360,545 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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