Bac Funding Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 567,425 | 1,605,906 | −1,038,481 | 49.7 | 34% |
| 2011 | 21,988 | 829,755 | −807,767 | 84.5 | 37% |
| 2012 | 284,156 | 591,983 | −307,827 | 112.3 | 42% |
| 2013 | 393,363 | 1,579,045 | −1,185,682 | 34.0 | 17% |
| 2014 | 1,138,437 | 676,423 | 462,014 | 89.5 | 43% |
| 2016 | 655,976 | 673,849 | −17,873 | 91.0 | 46% |
| 2017 | 848,043 | 704,309 | 143,734 | 91.7 | 47% |
| 2018 | 774,431 | 602,199 | 172,232 | 110.7 | 58% |
| 2019 | 967,641 | 755,794 | 211,847 | 91.6 | 33% |
| 2020 | 4,868,553 | 4,739,040 | 129,513 | 14.9 | 8% |
| 2021 | 4,831,785 | 4,923,562 | −91,777 | 14.2 | 6% |
| 2022 | 4,083,859 | 3,565,037 | 518,822 | 18.7 | 8% |
| 2023 | 3,941,761 | 3,586,080 | 355,681 | 11.3 | 12% |
In its most recent public year (2023), this organization brought in $355,681 more than it spent. Its reserves stood at about 11.3 months of spending, down from 49.7 in 2010. Staff pay was 12% 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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