Elizabeth H Faulk Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,177,981 | 1,232,323 | −54,342 | 82.3 | 50% |
| 2021 | 2,513,663 | 1,100,824 | 1,412,839 | 125.3 | 51% |
| 2022 | 1,662,059 | 1,280,583 | 381,476 | 94.5 | 51% |
| 2023 | 1,407,312 | 1,648,138 | −240,826 | 7.2 | 49% |
In its most recent public year (2023), this organization spent $240,826 more than it brought in. Its reserves stood at about 7.2 months of spending, down from 82.3 in 2020. Staff pay was 49% of spending. $344,243 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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