Ace Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 387,420 | 360,288 | 27,132 | 20.9 | 0% |
| 2021 | 4,925,952 | 3,547,528 | 1,378,424 | 6.8 | 4% |
| 2022 | 4,126,452 | 4,379,062 | −252,610 | 4.8 | 0% |
| 2023 | 2,565,208 | 2,233,333 | 331,875 | 11.3 | 0% |
In its most recent public year (2023), this organization brought in $331,875 more than it spent. Its reserves stood at about 11.3 months of spending, down from 20.9 in 2020. Staff pay was 0% of spending. $110,000 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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