Gfoa Endowment Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 659,384 | 1,002,220 | −342,836 | 282.9 | 0% |
| 2021 | 5,315,678 | 487,376 | 4,828,302 | 793.4 | 0% |
| 2022 | 530,527 | 540,457 | −9,930 | 751.5 | 0% |
| 2023 | 566,655 | 483,182 | 83,473 | 764.2 | 0% |
In its most recent public year (2023), this organization brought in $83,473 more than it spent. Its reserves stood at about 764.2 months of spending, up from 282.9 in 2020. Staff pay was 0% of spending.
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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