Glendower Group Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 4,481,935 | 2,269,555 | 2,212,380 | 89.3 | 42% |
| 2021 | 3,601,699 | 3,499,190 | 102,509 | 58.2 | 29% |
| 2022 | 3,766,863 | 3,052,020 | 714,843 | 69.6 | 35% |
| 2023 | 1,539,625 | 5,283,146 | −3,743,521 | 31.7 | 22% |
In its most recent public year (2023), this organization spent $3,743,521 more than it brought in. Its reserves stood at about 31.7 months of spending, down from 89.3 in 2020. Staff pay was 22% of spending. $3,564,912 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
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