Progeny Start Ups Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 65,986 | 311,178 | −245,192 | 4.2 | — |
| 2021 | 125,044 | 177,110 | −52,066 | -7.4 | 38% |
| 2022 | 273,589 | 323,920 | −50,331 | -5.5 | 51% |
In its most recent public year (2022), this organization spent $50,331 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-5.5 months), down from 4.2 in 2020. Staff pay was 51% 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 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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