World Floor Covering Association 401 K
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,717,561 | 3,168,595 | −1,451,034 | 146.1 | 38% |
| 2021 | 4,224,250 | 4,111,872 | 112,378 | 114.3 | 33% |
| 2022 | 1,835,248 | 4,700,400 | −2,865,152 | 78.0 | 31% |
| 2023 | 3,123,316 | 3,527,291 | −403,975 | 111.5 | 40% |
In its most recent public year (2023), this organization spent $403,975 more than it brought in. Its reserves stood at about 111.5 months of spending, down from 146.1 in 2020. Staff pay was 40% 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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