The Lenfest Inst For Journalism Spe Asset Fund Of The Phl Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 15,278,773 | 0 | 15,278,773 | — | — |
| 2012 | 14,820,785 | 7,364,530 | 7,456,255 | 35.1 | 0% |
| 2013 | 3,641,746 | 2,349,072 | 1,292,674 | 111.8 | 0% |
| 2014 | 3,222,796 | 23,767,127 | −20,544,331 | 0.8 | 0% |
| 2015 | 34,876,624 | 1,927,111 | 32,949,513 | 218.8 | 0% |
| 2016 | 22,615,026 | 1,069,065 | 21,545,961 | 636.2 | 12% |
| 2017 | 7,899,693 | 5,467,437 | 2,432,256 | 133.0 | 15% |
| 2018 | 51,599,715 | 9,759,033 | 41,840,682 | 122.6 | 9% |
| 2019 | 25,125,953 | 28,688,218 | −3,562,265 | 40.8 | 6% |
| 2020 | 21,750,954 | 30,909,697 | −9,158,743 | 35.6 | 7% |
| 2021 | 14,397,650 | 16,429,153 | −2,031,503 | 69.2 | 14% |
| 2022 | 41,516,736 | 21,565,100 | 19,951,636 | 57.1 | 12% |
| 2023 | 31,951,841 | 21,808,175 | 10,143,666 | 66.4 | 14% |
In its most recent public year (2023), this organization brought in $10,143,666 more than it spent. Its reserves stood at about 66.4 months of spending. Staff pay was 14% of spending. $88,437,875 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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