Canary Media Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 434,821 | 505,170 | −70,349 | -1.7 | 63% |
| 2022 | 1,481,832 | 2,679,423 | −1,197,591 | -5.7 | 62% |
| 2023 | 1,234,416 | 2,825,261 | −1,590,845 | -12.1 | 63% |
In its most recent public year (2023), this organization spent $1,590,845 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-12.1 months), down from -1.7 in 2021. Staff pay was 63% of spending. $150,000 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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