Freeport Community Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 649,371 | 617,534 | 31,837 | 104.6 | 11% |
| 2021 | 1,390,452 | 376,257 | 1,014,195 | 188.0 | 21% |
| 2022 | 297,028 | 437,486 | −140,458 | 135.1 | 18% |
| 2023 | 349,055 | 492,147 | −143,092 | 128.8 | 25% |
In its most recent public year (2023), this organization spent $143,092 more than it brought in. Its reserves stood at about 128.8 months of spending, up from 104.6 in 2020. Staff pay was 25% of spending. $481,283 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
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