New Creation Va
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 1,335,371 | 579,916 | 755,455 | 15.6 | 33% |
| 2022 | 904,747 | 718,605 | 186,142 | 15.7 | 32% |
| 2023 | 1,296,952 | 701,708 | 595,244 | 26.3 | 37% |
In its most recent public year (2023), this organization brought in $595,244 more than it spent. Its reserves stood at about 26.3 months of spending, up from 15.6 in 2021. Staff pay was 37% of spending. $580,950 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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