Mcghee Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 140,992 | 190,303 | −49,311 | 183.2 | 19% |
| 2012 | 720,805 | 432,334 | 288,471 | 88.7 | 36% |
| 2013 | 81,424 | 361,681 | −280,257 | 96.7 | 53% |
| 2014 | −67,343 | 585,931 | −653,274 | 46.4 | 76% |
| 2015 | 198,483 | 193,067 | 5,416 | 130.2 | 75% |
| 2016 | 123,613 | 219,923 | −96,310 | 113.1 | 46% |
| 2017 | 109,038 | 252,208 | −143,170 | 97.3 | 32% |
| 2018 | 142,895 | 195,231 | −52,336 | 123.6 | 41% |
| 2019 | 135,387 | 209,721 | −74,334 | 106.3 | 39% |
| 2020 | 113,655 | 202,645 | −88,990 | 101.8 | 40% |
| 2021 | 73,054 | 196,706 | −123,652 | 116.7 | 41% |
| 2022 | 137,419 | 186,952 | −49,533 | 96.4 | 44% |
| 2023 | 49,742 | 168,098 | −118,356 | 108.1 | 48% |
In its most recent public year (2023), this organization spent $118,356 more than it brought in. Its reserves stood at about 108.1 months of spending, down from 183.2 in 2011. Staff pay was 48% 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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