Formative Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 549,858 | 2,675,035 | −2,125,177 | 0.2 | 0% |
| 2012 | 648,949 | 488,063 | 160,886 | 5.1 | 0% |
| 2013 | 550,672 | 500,129 | 50,543 | 6.2 | 0% |
| 2014 | 554,492 | 498,371 | 56,121 | 7.6 | 0% |
| 2015 | 776,886 | 827,738 | −50,852 | 3.8 | 0% |
| 2016 | 995,501 | 890,350 | 105,151 | 5.0 | 2% |
| 2017 | 1,020,702 | 643,238 | 377,464 | 13.9 | 45% |
| 2018 | 774,710 | 653,770 | 120,940 | 15.9 | 21% |
| 2019 | 847,603 | 936,744 | −89,141 | 10.0 | 6% |
| 2020 | 1,417,308 | 384,356 | 1,032,952 | 56.5 | 18% |
| 2021 | 7,173,847 | 3,926,665 | 3,247,182 | 15.5 | 3% |
| 2022 | 513,823 | 596,544 | −82,721 | 100.0 | 34% |
| 2023 | 643,032 | 1,008,317 | −365,285 | 54.8 | 30% |
In its most recent public year (2023), this organization spent $365,285 more than it brought in. Its reserves stood at about 54.8 months of spending, up from 0.2 in 2011. Staff pay was 30% 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
Formative Foundation'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