St Michaels Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 97,068 | 125,767 | −28,699 | 7.6 | — |
| 2021 | 94,406 | 138,045 | −43,639 | 3.1 | — |
| 2022 | 97,766 | 65,052 | 32,714 | 16.8 | — |
| 2023 | 91,771 | 81,357 | 10,414 | 14.9 | — |
| 2024 | 96,672 | 121,544 | −24,872 | 17.5 | — |
In its most recent public year (2024), this organization spent $24,872 more than it brought in. Its reserves stood at about 17.5 months of spending, up from 7.6 in 2020.
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
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