Norse Home Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 4,434,070 | 4,999,000 | −564,930 | 3.8 | 55% |
| 2021 | 4,457,669 | 5,050,608 | −592,939 | 3.8 | 57% |
| 2022 | 4,505,700 | 5,314,884 | −809,184 | 38.8 | 49% |
| 2023 | 4,718,482 | 6,416,360 | −1,697,878 | 28.9 | 48% |
In its most recent public year (2023), this organization spent $1,697,878 more than it brought in. Its reserves stood at about 28.9 months of spending, up from 3.8 in 2020. Staff pay was 48% 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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