Indian River Community Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 11,686,198 | 9,804,540 | 1,881,658 | 84.8 | 4% |
| 2021 | 15,947,325 | 13,027,103 | 2,920,222 | 78.9 | 3% |
| 2022 | 17,472,868 | 12,526,164 | 4,946,704 | 70.9 | 3% |
| 2023 | 13,546,324 | 19,143,625 | −5,597,301 | 46.0 | 3% |
In its most recent public year (2023), this organization spent $5,597,301 more than it brought in. Its reserves stood at about 46 months of spending, down from 84.8 in 2020. Staff pay was 3% of spending. $1,133,255 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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