Gorman Heritage Farm Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 581,974 | 533,706 | 48,268 | 19.3 | 59% |
| 2012 | 582,585 | 597,398 | −14,813 | 17.3 | 58% |
| 2013 | 653,963 | 607,405 | 46,558 | 19.2 | 64% |
| 2014 | 732,571 | 644,601 | 87,970 | 19.5 | 59% |
| 2015 | 771,895 | 682,753 | 89,142 | 18.8 | 58% |
| 2016 | 754,953 | 703,496 | 51,457 | 19.7 | 59% |
| 2017 | 995,667 | 761,034 | 234,633 | 23.5 | 60% |
| 2018 | 954,596 | 857,512 | 97,084 | 20.2 | 61% |
| 2019 | 1,002,771 | 844,791 | 157,980 | 24.7 | 58% |
| 2020 | 1,227,590 | 840,389 | 387,201 | 31.2 | 63% |
| 2021 | 1,151,542 | 872,794 | 278,748 | 34.9 | 62% |
| 2022 | 1,212,810 | 1,055,530 | 157,280 | 28.3 | 61% |
| 2023 | 1,203,572 | 1,335,853 | −132,281 | 22.0 | 55% |
In its most recent public year (2023), this organization spent $132,281 more than it brought in. Its reserves stood at about 22 months of spending, up from 19.3 in 2011. Staff pay was 55% of spending. $1,196,872 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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