Kernsville Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 529,932 | 321,113 | 208,819 | 116.2 | 0% |
| 2021 | 967,105 | 293,476 | 673,629 | 160.7 | 0% |
| 2022 | −77,821 | 222,675 | −300,496 | 174.6 | 0% |
| 2023 | 67,894 | 473,519 | −405,625 | 81.7 | 0% |
In its most recent public year (2023), this organization spent $405,625 more than it brought in. Its reserves stood at about 81.7 months of spending, down from 116.2 in 2020. Staff pay was 0% of spending. $2,161,782 of its net assets are donor-restricted.
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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