Novaworks Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2017 | 238,349 | 27,114 | 211,235 | 120.6 | 37% |
| 2019 | 65,107 | 97,133 | −32,026 | 10.3 | — |
| 2020 | 120,661 | 13,322 | 107,339 | 171.6 | — |
| 2021 | 71,491 | 11,471 | 60,020 | 262.1 | — |
| 2022 | 886,999 | 22,645 | 864,354 | 594.4 | 67% |
| 2023 | 108,840 | 13,076 | 95,764 | 1117.2 | 0% |
| 2024 | 113,671 | 236,809 | −123,138 | 55.5 | 33% |
In its most recent public year (2024), this organization spent $123,138 more than it brought in. Its reserves stood at about 55.5 months of spending, down from 120.6 in 2017. Staff pay was 33% 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 2024. 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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