Corda Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 175,365 | 299,775 | −124,410 | 118.6 | 0% |
| 2012 | 781,152 | 186,380 | 594,772 | 229.1 | 0% |
| 2013 | 177,036 | 251,488 | −74,452 | 166.2 | 0% |
| 2014 | 180,575 | 227,467 | −46,892 | 178.0 | 0% |
| 2015 | 216,869 | 245,775 | −28,906 | 163.0 | 0% |
| 2016 | 229,628 | 337,384 | −107,756 | 114.6 | 11% |
| 2017 | 649,592 | 363,767 | 285,825 | 115.5 | 11% |
| 2018 | 187,621 | 368,757 | −181,136 | 107.7 | 13% |
| 2019 | 282,290 | 351,316 | −69,026 | 110.3 | 11% |
| 2020 | 185,393 | 294,478 | −109,085 | 126.7 | 14% |
| 2021 | 126,765 | 306,825 | −180,060 | 114.5 | 13% |
| 2022 | 87,349 | 236,322 | −148,973 | 141.1 | 17% |
| 2023 | 103,285 | 246,119 | −142,834 | 128.6 | 14% |
In its most recent public year (2023), this organization spent $142,834 more than it brought in. Its reserves stood at about 128.6 months of spending, up from 118.6 in 2011. Staff pay was 14% 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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