Epicpromise Employee Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,591,758 | 1,925,083 | 666,675 | 16.8 | 4% |
| 2021 | 1,259,560 | 1,969,668 | −710,108 | 12.1 | 4% |
| 2022 | 1,444,639 | 1,889,694 | −445,055 | 9.8 | 6% |
In its most recent public year (2022), this organization spent $445,055 more than it brought in. Its reserves stood at about 9.8 months of spending, down from 16.8 in 2020. Staff pay was 6% 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 2022. 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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