Project New Day Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 124,496 | 108,855 | 15,641 | 1.7 | — |
| 2021 | 90,166 | 96,129 | −5,963 | 1.2 | — |
| 2022 | 600,000 | 257,854 | 342,146 | 16.4 | 0% |
| 2023 | 142,500 | 472,886 | −330,386 | 0.5 | — |
In its most recent public year (2023), this organization spent $330,386 more than it brought in. Its reserves stood at about 0.5 months of spending, down from 1.7 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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