Fashion Institute Of Techology Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 6,260,140 | 5,444,519 | 815,621 | 78.6 | 15% |
| 2012 | 11,250,767 | 5,032,723 | 6,218,044 | 90.1 | 18% |
| 2013 | 9,774,204 | 4,922,248 | 4,851,956 | 107.7 | 19% |
| 2014 | 6,324,744 | 4,537,825 | 1,786,919 | 132.3 | 17% |
| 2015 | 5,998,501 | 6,310,855 | −312,354 | 94.5 | 12% |
| 2016 | 5,467,423 | 5,892,125 | −424,702 | 96.3 | 19% |
| 2017 | 7,154,971 | 5,704,618 | 1,450,353 | 107.6 | 16% |
| 2018 | 7,518,794 | 5,417,502 | 2,101,292 | 115.3 | 17% |
| 2019 | 7,045,132 | 6,093,713 | 951,419 | 101.3 | 17% |
| 2020 | 8,583,582 | 4,588,818 | 3,994,764 | 144.6 | 19% |
| 2021 | 4,909,320 | 3,682,682 | 1,226,638 | 210.0 | 20% |
| 2022 | 11,865,196 | 3,861,294 | 8,003,902 | 201.4 | 24% |
| 2023 | 5,252,372 | 5,608,981 | −356,609 | 144.8 | 15% |
In its most recent public year (2023), this organization spent $356,609 more than it brought in. Its reserves stood at about 144.8 months of spending, up from 78.6 in 2011. Staff pay was 15% of spending. $65,977,702 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
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