The Galway University Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 39,331 | 396,512 | −357,181 | 21.5 | 0% |
| 2021 | 439,516 | 469,459 | −29,943 | 17.5 | 0% |
| 2022 | 1,744,583 | 1,235,993 | 508,590 | 11.6 | 0% |
| 2023 | 666,015 | 608,097 | 57,918 | 24.7 | 0% |
In its most recent public year (2023), this organization brought in $57,918 more than it spent. Its reserves stood at about 24.7 months of spending, up from 21.5 in 2020. Staff pay was 0% of spending. $1,250,105 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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