The Thoracic Surgery Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 678,154 | −100,057 | 778,211 | -178.9 | 0% |
| 2012 | 1,645,410 | 793,216 | 852,194 | 34.6 | 0% |
| 2013 | 324,178 | 622,033 | −297,855 | 39.2 | 0% |
| 2014 | 332,636 | 142,854 | 189,782 | 166.5 | 0% |
| 2015 | 942,510 | 793,042 | 149,468 | 30.2 | 0% |
| 2016 | 1,536,324 | 945,991 | 590,333 | 34.3 | 0% |
| 2017 | 1,546,386 | 998,708 | 547,678 | 40.9 | 0% |
| 2018 | 1,561,172 | 1,234,592 | 326,580 | 34.1 | 0% |
| 2019 | 1,896,136 | 1,274,991 | 621,145 | 40.8 | 0% |
| 2020 | 1,400,211 | 1,108,220 | 291,991 | 52.7 | 0% |
| 2021 | 3,432,295 | 1,131,926 | 2,300,369 | 76.1 | 0% |
| 2022 | 2,542,826 | 1,621,236 | 921,590 | 54.4 | 0% |
| 2023 | 2,905,516 | 3,305,471 | −399,955 | 27.3 | 0% |
In its most recent public year (2023), this organization spent $399,955 more than it brought in. Its reserves stood at about 27.3 months of spending, up from -178.9 in 2011. Staff pay was 0% of spending. $3,170,976 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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