Forrest Spence Fund
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 69,293 | 74,913 | −5,620 | 8.9 | — |
| 2012 | 69,403 | 68,364 | 1,039 | 10.0 | — |
| 2013 | 115,850 | 64,491 | 51,359 | 39.0 | — |
| 2014 | 191,890 | 89,944 | 101,946 | 41.6 | 0% |
| 2015 | 210,329 | 115,495 | 94,834 | 42.2 | 0% |
| 2016 | 333,803 | 164,859 | 168,944 | 41.9 | 19% |
| 2017 | 390,560 | 214,159 | 176,401 | 42.1 | 15% |
| 2018 | 417,871 | 338,948 | 78,923 | 29.4 | 9% |
| 2019 | 622,001 | 451,593 | 170,408 | 26.5 | 8% |
| 2020 | 520,216 | 439,565 | 80,651 | 29.4 | 21% |
| 2021 | 829,907 | 461,573 | 368,334 | 37.6 | 20% |
| 2022 | 574,565 | 601,882 | −27,317 | 28.3 | 14% |
| 2023 | 895,238 | 791,963 | 103,275 | 23.0 | 15% |
In its most recent public year (2023), this organization brought in $103,275 more than it spent. Its reserves stood at about 23 months of spending, up from 8.9 in 2011. Staff pay was 15% 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
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