The Pittsburgh Promise Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 12,472,612 | 10,613,041 | 1,859,571 | 60.2 | 5% |
| 2012 | 13,649,420 | 13,855,692 | −206,272 | 46.1 | 6% |
| 2013 | 70,356,466 | 14,529,298 | 55,827,168 | 90.2 | 6% |
| 2014 | 6,628,182 | 2,157,998 | 4,470,184 | 642.5 | 24% |
| 2015 | 7,489,312 | 18,724,010 | −11,234,698 | 66.8 | 6% |
| 2016 | 10,723,834 | 20,912,982 | −10,189,148 | 53.2 | 5% |
| 2017 | 5,437,770 | 22,253,998 | −16,816,228 | 42.0 | 5% |
| 2018 | 11,765,083 | 20,166,340 | −8,401,257 | 42.5 | 5% |
| 2019 | 10,120,091 | 16,743,631 | −6,623,540 | 46.6 | 6% |
| 2020 | 12,741,686 | 14,451,914 | −1,710,228 | 52.6 | 7% |
| 2021 | 8,011,763 | 12,579,854 | −4,568,091 | 63.0 | 13% |
| 2022 | 15,082,951 | 11,513,190 | 3,569,761 | 61.4 | 15% |
| 2023 | 10,120,509 | 12,264,455 | −2,143,946 | 60.2 | 13% |
In its most recent public year (2023), this organization spent $2,143,946 more than it brought in. Its reserves stood at about 60.2 months of spending. Staff pay was 13% of spending. $7,171,223 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 Pittsburgh Promise 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