New Growth Innovation Network
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 913,250 | 596,073 | 317,177 | 4.3 | 8% |
| 2020 | 709,204 | 306,717 | 402,487 | 24.1 | 65% |
| 2021 | 838,917 | 828,764 | 10,153 | 9.1 | 59% |
| 2022 | 4,225,478 | 1,356,949 | 2,868,529 | 30.9 | 27% |
| 2023 | 1,835,314 | 2,749,469 | −914,155 | 11.3 | 56% |
In its most recent public year (2023), this organization spent $914,155 more than it brought in. Its reserves stood at about 11.3 months of spending, up from 4.3 in 2019. Staff pay was 56% of spending. $2,067,399 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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