Careyes Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 145,786 | 189,074 | −43,288 | 7.4 | 29% |
| 2021 | 259,790 | 144,205 | 115,585 | 19.4 | 29% |
| 2022 | 207,702 | 188,650 | 19,052 | 16.0 | 21% |
| 2023 | 128,003 | 312,256 | −184,253 | 2.6 | 26% |
In its most recent public year (2023), this organization spent $184,253 more than it brought in. Its reserves stood at about 2.6 months of spending, down from 7.4 in 2020. Staff pay was 26% of spending. $32,207 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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