Foundation For The Carolinas
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 196,030,092 | 138,113,578 | 57,916,514 | 52.1 | 3% |
| 2011 | 148,316,177 | 144,935,548 | 3,380,629 | 48.6 | 3% |
| 2012 | 215,832,204 | 175,159,255 | 40,672,949 | 46.3 | 2% |
| 2013 | 317,091,144 | 195,600,475 | 121,490,669 | 53.7 | 2% |
| 2014 | 684,331,159 | 354,254,644 | 330,076,515 | 41.3 | 2% |
| 2015 | 382,454,798 | 297,876,975 | 84,577,823 | 50.3 | 2% |
| 2016 | 445,365,812 | 326,772,081 | 118,593,731 | 52.9 | 2% |
| 2017 | 662,474,205 | 435,449,740 | 227,024,465 | 50.4 | 2% |
| 2018 | 449,681,155 | 325,310,194 | 124,370,961 | 65.1 | 3% |
| 2019 | 289,696,942 | 351,759,763 | −62,062,821 | 69.4 | 3% |
| 2020 | 548,689,880 | 489,891,267 | 58,798,613 | 57.0 | 3% |
| 2021 | 770,296,528 | 584,919,704 | 185,376,824 | 58.0 | 2% |
| 2022 | 953,517,849 | 414,316,706 | 539,201,143 | 86.6 | 3% |
| 2023 | 538,046,453 | 582,472,149 | −44,425,696 | 70.1 | 2% |
In its most recent public year (2023), this organization spent $44,425,696 more than it brought in. Its reserves stood at about 70.1 months of spending, up from 52.1 in 2010. Staff pay was 2% of spending. $1,000,234,413 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
Foundation For The Carolinas's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works