Mighty Oaks Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 3,289,491 | 2,795,140 | 494,351 | 9.4 | 46% |
| 2021 | 9,035,509 | 6,079,635 | 2,955,874 | 10.1 | 26% |
| 2022 | 7,197,784 | 6,742,789 | 454,995 | 10.0 | 32% |
| 2023 | 9,371,669 | 9,556,963 | −185,294 | 6.8 | 28% |
In its most recent public year (2023), this organization spent $185,294 more than it brought in. Its reserves stood at about 6.8 months of spending, down from 9.4 in 2020. Staff pay was 28% of spending. $712,971 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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