Canaan Development Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 522,930 | 507,064 | 15,866 | -5.0 | 56% |
| 2012 | 503,275 | 539,457 | −36,182 | -5.5 | 55% |
| 2013 | 571,443 | 696,977 | −125,534 | -6.4 | 53% |
| 2014 | 581,282 | 758,101 | −176,819 | -8.7 | 55% |
| 2015 | 862,311 | 875,884 | −13,573 | -7.7 | 45% |
| 2016 | 608,812 | 640,749 | −31,937 | -11.1 | 53% |
| 2017 | 577,177 | 684,886 | −107,709 | -12.3 | 45% |
| 2018 | 601,802 | 598,709 | 3,093 | -14.0 | 49% |
| 2019 | 476,689 | 499,619 | −22,930 | -17.4 | 41% |
| 2020 | 331,972 | 342,478 | −10,506 | -25.7 | 32% |
| 2021 | 150,173 | 215,211 | −65,038 | -44.5 | 23% |
| 2022 | 229,228 | 229,228 | 0 | -41.8 | 32% |
| 2023 | 195,492 | 195,492 | 0 | -49.0 | 42% |
In its most recent public year (2023), this organization brought in $0 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-49 months), down from -5 in 2011. Staff pay was 42% of spending.
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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