Bank Of America Charitable Gift Fund
| Year | Money in | Money out | Result | Reserve mo. | Staffing |
|---|---|---|---|---|---|
| 2020 | $837,703,273 | $447,124,027 | $390,579,246 | 62.3 | 0% |
| 2021 | $1,677,054,646 | $728,053,163 | $949,001,483 | 63.4 | 0% |
| 2022 | $907,613,090 | $763,125,913 | $144,487,177 | 54.1 | 0% |
| 2023 | $1,188,501,548 | $845,469,034 | $343,032,514 | 57.9 | 0% |
In its most recent public year (2023), this organization brought in $343,032,514 more than it spent. Its reserves stood at about 57.9 months of spending, down from 62.3 in 2020. Staff pay was 0% of spending. $52,921,431 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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