Garfield Center Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 198,718 | 176,735 | 21,983 | 76.3 | 51% |
| 2021 | 339,583 | 252,708 | 86,875 | 54.1 | 37% |
| 2022 | 254,976 | 369,995 | −115,019 | 33.2 | 30% |
| 2023 | 182,051 | 278,467 | −96,416 | 40.0 | 28% |
In its most recent public year (2023), this organization spent $96,416 more than it brought in. Its reserves stood at about 40 months of spending, down from 76.3 in 2020. Staff pay was 28% 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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