Building New Foundations Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 685,000 | 5,090 | 679,910 | 1602.9 | 0% |
| 2022 | 962,676 | 69,295 | 893,381 | 272.5 | 0% |
| 2023 | 852,867 | 260,602 | 592,265 | 100.0 | 47% |
In its most recent public year (2023), this organization brought in $592,265 more than it spent. Its reserves stood at about 100 months of spending, down from 1602.9 in 2021. Staff pay was 47% of spending. $1,575,797 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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