Operating record

Local First Foundation

Durango, CO · EIN 32-0600640 · files full Form 990 · latest public year 2023

YearMoney inMoney outResultReserve mo.Staffing
2020$165,231$128,161$37,0704.2
2021$255,396$128,521$126,87516.035%
2022$62,808$242,895−$180,087-0.4
2023$231,339$132,736$98,6038.629%

In its most recent public year (2023), this organization brought in $98,603 more than it spent. Its reserves stood at about 8.6 months of spending, up from 4.2 in 2020. Staff pay was 29% of spending. $100,000 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 ↗