Drift Magazine Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 61,694 | 27,154 | 34,540 | 15.3 | — |
| 2021 | 69,364 | 86,020 | −16,656 | 2.5 | — |
| 2022 | 471,991 | 292,084 | 179,907 | 8.1 | 35% |
| 2023 | 607,264 | 579,518 | 27,746 | 5.3 | 32% |
In its most recent public year (2023), this organization brought in $27,746 more than it spent. Its reserves stood at about 5.3 months of spending, down from 15.3 in 2020. Staff pay was 32% 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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