Thomas Mccarthy Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 35,665 | 37,313 | −1,648 | 81.0 | — |
| 2021 | 37,223 | 27,508 | 9,715 | 114.1 | — |
| 2022 | 92,692 | 72,295 | 20,397 | 46.8 | 0% |
| 2023 | 10,608 | 4,921 | 5,687 | 701.5 | — |
In its most recent public year (2023), this organization brought in $5,687 more than it spent. Its reserves stood at about 701.5 months of spending, up from 81 in 2020.
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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