The Forbes Funds
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,519,611 | 1,489,325 | 30,286 | 46.5 | 21% |
| 2012 | 1,275,435 | 1,175,535 | 99,900 | 63.0 | 27% |
| 2013 | 2,092,585 | 1,363,512 | 729,073 | 67.8 | 27% |
| 2014 | 2,712,149 | 1,944,708 | 767,441 | 52.7 | 27% |
| 2015 | 2,801,520 | 2,563,240 | 238,280 | 39.7 | 27% |
| 2016 | 1,825,461 | 2,021,498 | −196,037 | 51.4 | 32% |
| 2017 | 3,192,549 | 2,847,538 | 345,011 | 39.2 | 19% |
| 2018 | 1,490,105 | 2,282,979 | −792,874 | 41.5 | 29% |
| 2019 | 2,139,922 | 2,225,199 | −85,277 | 47.4 | 28% |
| 2020 | 2,202,842 | 2,338,217 | −135,375 | 47.1 | 30% |
| 2021 | 3,486,741 | 2,450,807 | 1,035,934 | 54.3 | 34% |
| 2022 | 1,718,199 | 2,499,418 | −781,219 | 44.4 | 32% |
| 2023 | 2,655,431 | 2,593,246 | 62,185 | 45.1 | 30% |
In its most recent public year (2023), this organization brought in $62,185 more than it spent. Its reserves stood at about 45.1 months of spending, down from 46.5 in 2011. Staff pay was 30% of spending. $8,294,873 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
The Forbes Funds's IRS filings as a feed — one entry per filing year, through 2023. 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