Kingsborough Community College Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 387,978 | 582,830 | −194,852 | 85.0 | 9% |
| 2021 | 519,463 | 613,914 | −94,451 | 84.8 | 10% |
| 2022 | 783,856 | 564,684 | 219,172 | 92.5 | 9% |
| 2023 | 503,643 | 501,969 | 1,674 | 105.7 | 10% |
| 2024 | 703,935 | 898,390 | −194,455 | 57.8 | 5% |
In its most recent public year (2024), this organization spent $194,455 more than it brought in. Its reserves stood at about 57.8 months of spending, down from 85 in 2020. Staff pay was 5% of spending. $2,678,660 of its net assets are donor-restricted.
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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