Operating record

Caroline Foundation Inc

Denton, MD · EIN 52-0906348 · files full Form 990 · latest public year 2023

YearMoney inMoney outResultReserve mo.Staffing
2020$980,827$920,598$60,229199.70%
2021$2,862,530$752,670$2,109,860290.60%
2022$256,844$925,966−$669,122195.60%
2023−$677,130$858,537−$1,535,667219.50%

In its most recent public year (2023), this organization spent $1,535,667 more than it brought in. Its reserves stood at about 219.5 months of spending, up from 199.7 in 2020. 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 ↗