2ndchanceproject
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,069,003 | 789,242 | 279,761 | 4.3 | 17% |
| 2021 | 495,751 | 762,541 | −266,790 | 0.0 | 28% |
| 2022 | 375,369 | 363,689 | 11,680 | 1.3 | 47% |
| 2023 | 362,311 | 381,735 | −19,424 | 0.6 | 31% |
In its most recent public year (2023), this organization spent $19,424 more than it brought in. Its reserves stood at about 0.6 months of spending, down from 4.3 in 2020. Staff pay was 31% 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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