Newark Food Closet
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 31,493 | 12,456 | 19,037 | 38.6 | — |
| 2021 | 35,904 | 16,199 | 19,705 | 44.3 | — |
| 2022 | 21,514 | 20,307 | 1,207 | 36.0 | — |
| 2023 | 33,323 | 52,322 | −18,999 | 9.6 | — |
In its most recent public year (2023), this organization spent $18,999 more than it brought in. Its reserves stood at about 9.6 months of spending, down from 38.6 in 2020.
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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