Palm Beach Tech Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 115,569 | 161,225 | −45,656 | -3.4 | — |
| 2019 | 514,007 | 452,727 | 61,280 | 0.4 | 23% |
| 2020 | 357,920 | 399,161 | −41,241 | -0.8 | 29% |
In its most recent public year (2020), this organization spent $41,241 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-0.8 months), up from -3.4 in 2018. Staff pay was 29% 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 2020. 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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