Rightfully Sewn Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 660,653 | 961,272 | −300,619 | -2.8 | 49% |
| 2022 | 875,431 | 1,865,256 | −989,825 | -7.8 | 45% |
| 2023 | 1,328,458 | 1,408,464 | −80,006 | -9.3 | 53% |
In its most recent public year (2023), this organization spent $80,006 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-9.3 months), down from -2.8 in 2021. Staff pay was 53% of spending. $15,612 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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