Billings Community Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 485,089 | 265,060 | 220,029 | 239.9 | 15% |
| 2020 | 1,247,634 | 864,946 | 382,688 | 79.3 | 10% |
| 2021 | 1,894,985 | 1,047,565 | 847,420 | 84.1 | 11% |
| 2022 | 1,876,209 | 895,325 | 980,884 | 91.6 | 15% |
| 2023 | 2,138,765 | 1,027,071 | 1,111,694 | 98.5 | 6% |
In its most recent public year (2023), this organization brought in $1,111,694 more than it spent. Its reserves stood at about 98.5 months of spending, down from 239.9 in 2019. Staff pay was 6% of spending. $6,776,364 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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