Converge Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 733,356 | 215,972 | 517,384 | 28.7 | 38% |
| 2021 | 713,028 | 399,828 | 313,200 | 24.9 | 49% |
| 2022 | 3,563,381 | 3,143,204 | 420,177 | 4.8 | 18% |
| 2023 | 5,139,628 | 5,397,291 | −257,663 | 2.2 | 18% |
In its most recent public year (2023), this organization spent $257,663 more than it brought in. Its reserves stood at about 2.2 months of spending, down from 28.7 in 2020. Staff pay was 18% 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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