Gogebic Community College Found
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 437,019 | 170,182 | 266,837 | 168.2 | 0% |
| 2013 | 695,219 | 174,733 | 520,486 | 216.8 | 0% |
| 2014 | 274,789 | 218,237 | 56,552 | 195.4 | 0% |
| 2015 | 498,532 | 164,138 | 334,394 | 272.9 | 0% |
| 2016 | 460,137 | 198,644 | 261,493 | 243.3 | 0% |
| 2017 | 839,565 | 195,205 | 644,360 | 264.6 | 0% |
| 2018 | 371,612 | 213,349 | 158,263 | 250.8 | 0% |
| 2019 | 421,368 | 501,224 | −79,856 | 107.4 | 0% |
| 2020 | 385,374 | 383,225 | 2,149 | 136.2 | 0% |
| 2021 | 751,748 | 451,111 | 300,637 | 137.3 | 0% |
| 2022 | 640,536 | 265,931 | 374,605 | 213.0 | 0% |
| 2023 | 472,312 | 278,045 | 194,267 | 215.1 | 0% |
In its most recent public year (2023), this organization brought in $194,267 more than it spent. Its reserves stood at about 215.1 months of spending, up from 168.2 in 2012. Staff pay was 0% of spending. $4,619,364 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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