Fogarty Institute For Innovation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 2,630,386 | 1,454,651 | 1,175,735 | 40.0 | 69% |
| 2012 | 4,931,950 | 2,005,277 | 2,926,673 | 38.8 | 37% |
| 2013 | 3,840,000 | 2,730,547 | 1,109,453 | 28.3 | 33% |
| 2014 | 5,451,698 | 3,797,335 | 1,654,363 | 24.6 | 35% |
| 2015 | 3,061,420 | 3,375,733 | −314,313 | 27.2 | 43% |
| 2016 | 2,937,735 | 2,762,850 | 174,885 | 35.0 | 49% |
| 2017 | 1,980,655 | 2,470,100 | −489,445 | 48.5 | 53% |
| 2018 | 1,986,981 | 2,582,375 | −595,394 | 41.9 | 56% |
| 2019 | 649,742 | 3,406,139 | −2,756,397 | 20.2 | 55% |
| 2020 | 10,818,703 | 4,573,097 | 6,245,606 | 30.8 | 51% |
| 2021 | 3,362,432 | 6,010,426 | −2,647,994 | 18.7 | 48% |
| 2022 | 12,603,959 | 7,150,758 | 5,453,201 | 24.7 | 53% |
| 2023 | 2,939,436 | 7,630,781 | −4,691,345 | 16.2 | 54% |
In its most recent public year (2023), this organization spent $4,691,345 more than it brought in. Its reserves stood at about 16.2 months of spending, down from 40 in 2011. Staff pay was 54% of spending. $5,634,664 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 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
Fogarty Institute For Innovation's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works