Longmont Community Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,504,716 | 4,664,330 | −2,159,614 | 32.2 | 3% |
| 2021 | 3,449,357 | 1,875,280 | 1,574,077 | 96.7 | 8% |
| 2022 | 3,138,586 | 1,960,899 | 1,177,687 | 88.5 | 8% |
| 2023 | 3,432,946 | 2,377,146 | 1,055,800 | 84.8 | 8% |
In its most recent public year (2023), this organization brought in $1,055,800 more than it spent. Its reserves stood at about 84.8 months of spending, up from 32.2 in 2020. Staff pay was 8% of spending. $7,885,410 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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