Convergence Community Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 0 | 9,532 | −9,532 | 377.2 | — |
| 2015 | 0 | 10,607 | −10,607 | 327.0 | — |
| 2016 | 0 | 10,136 | −10,136 | 330.2 | — |
| 2017 | −39,612 | 202,847 | −242,459 | 2.2 | 0% |
| 2018 | 0 | 25,395 | −25,395 | 5.2 | — |
| 2019 | 0 | 1,150 | −1,150 | 103.0 | — |
| 2020 | 0 | 4,991 | −4,991 | 11.7 | — |
In its most recent public year (2020), this organization spent $4,991 more than it brought in. Its reserves stood at about 11.7 months of spending, down from 377.2 in 2014.
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 2020. 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
Convergence Community Foundation's IRS filings as a feed — one entry per filing year, through 2020. 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