Montefiore Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,733,479 | 1,446,632 | 286,847 | 123.7 | 15% |
| 2012 | 1,020,283 | 1,439,320 | −419,037 | 115.7 | 16% |
| 2013 | 1,608,034 | 1,224,524 | 383,510 | 151.5 | 19% |
| 2014 | 1,089,811 | 2,877,563 | −1,787,752 | 65.6 | 7% |
| 2015 | 1,550,531 | 3,794,155 | −2,243,624 | 42.4 | 6% |
| 2016 | 1,026,665 | 2,067,230 | −1,040,565 | 68.4 | 12% |
| 2017 | 827,422 | 1,684,334 | −856,912 | 89.9 | 15% |
| 2018 | 1,520,823 | 2,634,801 | −1,113,978 | 55.8 | 11% |
| 2019 | 895,709 | 1,533,480 | −637,771 | 92.3 | 12% |
| 2020 | 723,034 | 1,313,435 | −590,401 | 99.5 | 15% |
| 2021 | 649,266 | 531,765 | 117,501 | 329.5 | 0% |
| 2022 | 1,638,245 | 1,346,433 | 291,812 | 109.9 | 0% |
| 2023 | 437,613 | 2,904,955 | −2,467,342 | 44.6 | 0% |
In its most recent public year (2023), this organization spent $2,467,342 more than it brought in. Its reserves stood at about 44.6 months of spending, down from 123.7 in 2011. Staff pay was 0% of spending. $10,853,984 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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