The Towers Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 482,305 | 498,906 | −16,601 | 9.5 | 22% |
| 2013 | 343,948 | 274,148 | 69,800 | 20.4 | 41% |
| 2014 | 382,703 | 385,845 | −3,142 | 14.5 | 0% |
| 2015 | 367,912 | 380,443 | −12,531 | 14.3 | 0% |
| 2016 | 310,636 | 321,592 | −10,956 | 16.4 | 35% |
| 2017 | 424,838 | 315,927 | 108,911 | 21.0 | 41% |
| 2018 | 1,145,452 | 404,036 | 741,416 | 38.6 | 36% |
| 2019 | 487,915 | 576,596 | −88,681 | 28.4 | 34% |
| 2020 | 956,794 | 704,400 | 252,394 | 27.7 | 20% |
| 2021 | 867,533 | 825,432 | 42,101 | 25.7 | 23% |
| 2022 | 1,139,386 | 761,140 | 378,246 | 33.9 | 28% |
| 2023 | 1,940,196 | 1,094,041 | 846,155 | 33.0 | 26% |
| 2024 | 1,133,381 | 1,449,754 | −316,373 | 22.5 | 18% |
In its most recent public year (2024), this organization spent $316,373 more than it brought in. Its reserves stood at about 22.5 months of spending, up from 9.5 in 2012. Staff pay was 18% of spending. $1,142,852 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 2024. 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
The Towers Foundation Inc's IRS filings as a feed — one entry per filing year, through 2024. 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