Sequim Food Bank
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 178,125 | 200,092 | −21,967 | 27.8 | — |
| 2012 | 170,079 | 190,871 | −20,792 | 27.8 | — |
| 2013 | 194,797 | 192,580 | 2,217 | 27.7 | — |
| 2014 | 724,406 | 735,231 | −10,825 | 7.1 | 4% |
| 2015 | 932,209 | 893,216 | 38,993 | 6.4 | 6% |
| 2016 | 936,173 | 935,844 | 329 | 6.1 | 5% |
| 2017 | 1,348,159 | 1,056,952 | 291,207 | 8.7 | 5% |
| 2018 | 985,518 | 1,020,062 | −34,544 | 8.6 | 7% |
| 2019 | 984,930 | 970,642 | 14,288 | 9.2 | 8% |
| 2020 | 3,015,926 | 2,377,603 | 638,323 | 7.0 | 5% |
| 2021 | 2,098,412 | 1,804,225 | 294,187 | 11.2 | 9% |
| 2022 | 1,736,143 | 1,850,135 | −113,992 | 10.1 | 12% |
| 2023 | 2,157,519 | 2,007,816 | 149,703 | 10.2 | 14% |
In its most recent public year (2023), this organization brought in $149,703 more than it spent. Its reserves stood at about 10.2 months of spending, down from 27.8 in 2011. Staff pay was 14% 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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