The Coral Gables Community Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,729,556 | 1,274,650 | 1,454,906 | 54.0 | 18% |
| 2021 | 6,260,777 | 4,688,191 | 1,572,586 | 20.0 | 5% |
| 2022 | 2,958,894 | 1,697,113 | 1,261,781 | 57.9 | 18% |
| 2023 | 6,707,795 | 4,404,797 | 2,302,998 | 30.8 | 13% |
In its most recent public year (2023), this organization brought in $2,302,998 more than it spent. Its reserves stood at about 30.8 months of spending, down from 54 in 2020. Staff pay was 13% of spending. $8,178,834 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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