Michael Petrone Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 4,050 | 4,695 | −645 | 38.3 | — |
| 2021 | 25,756 | 24,511 | 1,245 | 7.9 | — |
| 2022 | 24,573 | 24,152 | 421 | 8.3 | — |
| 2023 | 62,331 | 58,986 | 3,345 | 4.1 | — |
In its most recent public year (2023), this organization brought in $3,345 more than it spent. Its reserves stood at about 4.1 months of spending, down from 38.3 in 2020.
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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