Leona Tate Foundation For Change Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 1,641,495 | 521,918 | 1,119,577 | 35.2 | 0% |
| 2022 | 1,192,412 | 437,273 | 755,139 | 54.8 | 7% |
| 2023 | 319,051 | 623,828 | −304,777 | 30.9 | 25% |
In its most recent public year (2023), this organization spent $304,777 more than it brought in. Its reserves stood at about 30.9 months of spending, down from 35.2 in 2021. Staff pay was 25% of spending. $169,671 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
Leona Tate Foundation For Change Inc'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