Skagit Valley Neighbors In Need
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,799,682 | 1,414,036 | 385,646 | 5.6 | 5% |
| 2021 | 1,562,266 | 1,337,537 | 224,729 | 7.9 | 5% |
| 2022 | 1,924,244 | 1,882,829 | 41,415 | 5.9 | 5% |
| 2023 | 2,763,536 | 2,804,537 | −41,001 | 3.8 | 5% |
In its most recent public year (2023), this organization spent $41,001 more than it brought in. Its reserves stood at about 3.8 months of spending, down from 5.6 in 2020. Staff pay was 5% 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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