Michael E Thornton Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2015 | 100,200 | 54,784 | 45,416 | 9.9 | 0% |
| 2016 | 111,781 | 108,992 | 2,789 | 5.3 | 0% |
| 2017 | 335,644 | 172,380 | 163,264 | 14.7 | 0% |
| 2018 | 380,257 | 354,872 | 25,385 | 8.0 | 0% |
| 2019 | 266,619 | 361,026 | −94,407 | 4.7 | 0% |
| 2020 | 209,465 | 294,685 | −85,220 | 3.0 | 0% |
| 2021 | 538,257 | 391,832 | 146,425 | 6.7 | 0% |
| 2022 | 526,626 | 583,209 | −56,583 | 3.4 | 0% |
In its most recent public year (2022), this organization spent $56,583 more than it brought in. Its reserves stood at about 3.4 months of spending, down from 9.9 in 2015. 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 2022. 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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