Vertical First Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2017 | 199,400 | 97,867 | 101,533 | 16.2 | 64% |
| 2018 | 177,511 | 154,085 | 23,426 | 10.3 | 56% |
| 2019 | 227,837 | 263,189 | −35,352 | 4.4 | 61% |
| 2020 | 141,191 | 156,403 | −15,212 | 6.3 | 56% |
| 2021 | 182,651 | 175,495 | 7,156 | 6.1 | — |
| 2022 | 294,713 | 324,217 | −29,504 | 2.2 | 73% |
| 2023 | 171,478 | 182,459 | −10,981 | 3.2 | 61% |
In its most recent public year (2023), this organization spent $10,981 more than it brought in. Its reserves stood at about 3.2 months of spending, down from 16.2 in 2017. Staff pay was 61% 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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