Golden Valley Health Centers Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 694,017 | 2,143,063 | −1,449,046 | -0.0 | 19% |
| 2021 | 552,692 | 364,886 | 187,806 | 6.0 | 45% |
| 2022 | 1,109,539 | 266,881 | 842,658 | 46.1 | 42% |
| 2023 | 277,540 | 705,772 | −428,232 | 10.1 | 25% |
In its most recent public year (2023), this organization spent $428,232 more than it brought in. Its reserves stood at about 10.1 months of spending, up from 0 in 2020. Staff pay was 25% 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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