Higher Power Garage
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 46,127 | 41,402 | 4,725 | 1.4 | — |
| 2021 | 99,148 | 93,726 | 5,422 | 1.3 | — |
| 2022 | 224,906 | 143,999 | 80,907 | 7.6 | 26% |
| 2023 | 249,825 | 204,307 | 45,518 | 8.0 | 23% |
In its most recent public year (2023), this organization brought in $45,518 more than it spent. Its reserves stood at about 8 months of spending, up from 1.4 in 2020. Staff pay was 23% 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
Higher Power Garage's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works