Algae Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 318,343 | 87,613 | 230,730 | 34.3 | 0% |
| 2017 | 227,250 | 229,822 | −2,572 | 12.9 | 0% |
| 2018 | 421,141 | 280,509 | 140,632 | 16.6 | 0% |
| 2019 | 464,364 | 385,209 | 79,155 | 14.6 | 0% |
| 2020 | 356,380 | 376,306 | −19,926 | 14.3 | 15% |
| 2021 | 558,844 | 478,081 | 80,763 | 13.3 | 16% |
| 2022 | 986,125 | 756,403 | 229,722 | 11.7 | 43% |
| 2023 | 1,488,145 | 1,023,095 | 465,050 | 16.9 | 41% |
In its most recent public year (2023), this organization brought in $465,050 more than it spent. Its reserves stood at about 16.9 months of spending, down from 34.3 in 2016. Staff pay was 41% of spending. $44,274 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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