The Michael Bolton Charities Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 387,638 | 277,266 | 110,372 | 38.3 | 52% |
| 2021 | 163,656 | 302,279 | −138,623 | 32.3 | 48% |
| 2022 | 204,574 | 273,828 | −69,254 | 27.2 | 54% |
| 2023 | 106,449 | 148,178 | −41,729 | 52.7 | 30% |
In its most recent public year (2023), this organization spent $41,729 more than it brought in. Its reserves stood at about 52.7 months of spending, up from 38.3 in 2020. Staff pay was 30% 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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