Solar Car Challenge Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 192,270 | 199,878 | −7,608 | 1.1 | — |
| 2020 | 117,618 | 20,566 | 97,052 | 67.5 | — |
| 2021 | 194,429 | 252,713 | −58,284 | 2.7 | — |
| 2022 | 192,031 | 246,182 | −54,151 | 0.2 | — |
| 2023 | 195,738 | 181,086 | 14,652 | 1.2 | — |
In its most recent public year (2023), this organization brought in $14,652 more than it spent. Its reserves stood at about 1.2 months 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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