Bags & Blessings
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 82,660 | 22,052 | 60,608 | 52.3 | — |
| 2022 | 87,612 | 28,107 | 59,505 | 66.5 | — |
| 2023 | 126,010 | 51,053 | 74,957 | 54.2 | — |
In its most recent public year (2023), this organization brought in $74,957 more than it spent. Its reserves stood at about 54.2 months of spending, up from 52.3 in 2021.
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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