Next Steps For Change Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 91,199 | 26,986 | 64,213 | 29.0 | — |
| 2022 | 290,511 | 256,315 | 34,196 | 4.7 | 83% |
| 2023 | 486,289 | 388,871 | 97,418 | 6.1 | 85% |
In its most recent public year (2023), this organization brought in $97,418 more than it spent. Its reserves stood at about 6.1 months of spending, down from 29 in 2021. Staff pay was 85% of spending. $9,573 of its net assets are donor-restricted.
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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