Pennies From Heaven Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 570,208 | 918,832 | −348,624 | 301.6 | 10% |
| 2021 | 1,068,613 | 1,031,636 | 36,977 | 279.9 | 10% |
| 2022 | 467,879 | 1,230,661 | −762,782 | 196.9 | 8% |
| 2023 | 563,290 | 856,813 | −293,523 | 300.6 | 11% |
In its most recent public year (2023), this organization spent $293,523 more than it brought in. Its reserves stood at about 300.6 months of spending. Staff pay was 11% of spending.
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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