Cleveland Foundry
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 418,573 | 2,160,423 | −1,741,850 | -17.3 | 0% |
| 2020 | 601,919 | 2,369,853 | −1,767,934 | -24.8 | 3% |
| 2021 | 1,711,584 | 1,640,038 | 71,546 | -35.3 | 20% |
| 2023 | 1,134,648 | 2,143,082 | −1,008,434 | -23.6 | 22% |
In its most recent public year (2023), this organization spent $1,008,434 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-23.6 months), down from -17.3 in 2019. Staff pay was 22% 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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