Gig Harbor Kiwanis Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 66,914 | 56,084 | 10,830 | 39.7 | — |
| 2021 | 67,369 | 69,104 | −1,735 | 31.9 | — |
| 2022 | 39,615 | 66,372 | −26,757 | 28.4 | — |
| 2023 | 89,358 | 115,130 | −25,772 | 13.7 | — |
In its most recent public year (2023), this organization spent $25,772 more than it brought in. Its reserves stood at about 13.7 months of spending, down from 39.7 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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