Mcgowan Family Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 1,115,446 | 1,461,049 | −345,603 | 138.6 | 0% |
| 2020 | 707,774 | 1,218,763 | −510,989 | 177.0 | 0% |
| 2021 | 1,574,223 | 1,314,057 | 260,166 | 191.5 | 0% |
| 2022 | 2,052,756 | 1,284,095 | 768,661 | 156.6 | 0% |
| 2023 | 1,523,437 | 782,675 | 740,762 | 298.2 | 0% |
In its most recent public year (2023), this organization brought in $740,762 more than it spent. Its reserves stood at about 298.2 months of spending, up from 138.6 in 2019. Staff pay was 0% 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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