Gate City Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 45,084 | 42,776 | 2,308 | 21.7 | — |
| 2012 | 82,670 | 48,053 | 34,617 | 27.9 | — |
| 2013 | 84,092 | 41,506 | 42,586 | 44.7 | — |
| 2014 | 55,662 | 34,451 | 21,211 | 61.2 | — |
| 2015 | 79,192 | 70,391 | 8,801 | 31.5 | — |
| 2016 | 91,792 | 88,660 | 3,132 | 25.4 | — |
| 2017 | 104,319 | 73,537 | 30,782 | 35.6 | 0% |
| 2018 | 114,929 | 70,793 | 44,136 | 44.5 | 0% |
| 2019 | 110,413 | 67,856 | 42,557 | 54.0 | 0% |
| 2020 | 38,375 | 48,955 | −10,580 | 72.2 | 0% |
| 2021 | 38,850 | 50,870 | −12,020 | 65.2 | 0% |
| 2022 | 217,101 | 152,471 | 64,630 | 26.8 | 0% |
| 2023 | 301,039 | 268,158 | 32,881 | 16.7 | 0% |
In its most recent public year (2023), this organization brought in $32,881 more than it spent. Its reserves stood at about 16.7 months of spending, down from 21.7 in 2011. Staff pay was 0% 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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