Gift Clearing Trust
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 23,487,926 | 13,868,270 | 9,619,656 | 9.1 | 0% |
| 2021 | 91,256,862 | 54,744,965 | 36,511,897 | 10.3 | 0% |
| 2022 | 255,749,182 | 86,045,976 | 169,703,206 | 29.4 | 0% |
| 2023 | −14,719,854 | 49,915,138 | −64,634,992 | 33.3 | 0% |
In its most recent public year (2023), this organization spent $64,634,992 more than it brought in. Its reserves stood at about 33.3 months of spending, up from 9.1 in 2020. Staff pay was 0% 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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