Loretta Mcgowan Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 42,619 | 39,127 | 3,492 | 25.1 | — |
| 2012 | 51,132 | 82,652 | −31,520 | 7.3 | — |
| 2013 | 49,509 | 66,188 | −16,679 | 6.1 | — |
| 2014 | 68,484 | 53,170 | 15,314 | 11.0 | — |
| 2015 | 131,585 | 50,838 | 80,747 | 30.6 | — |
| 2017 | 115,240 | 50,000 | 65,240 | 38.2 | — |
| 2018 | −533 | 50,000 | −50,533 | 26.1 | — |
| 2019 | −3,881 | 9,000 | −12,881 | 127.6 | — |
| 2020 | 0 | 43,250 | −43,250 | 14.6 | — |
| 2021 | 0 | 7,133 | −7,133 | 76.3 | — |
| 2022 | 0 | 10,000 | −10,000 | 42.4 | — |
| 2023 | 0 | 27,500 | −27,500 | 3.4 | — |
In its most recent public year (2023), this organization spent $27,500 more than it brought in. Its reserves stood at about 3.4 months of spending, down from 25.1 in 2011.
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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