Citadel Real Estate Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 3,000,000 | 27,395 | 2,972,605 | 1302.1 | 0% |
| 2017 | 7 | 322,090 | −322,083 | 98.7 | 20% |
| 2018 | 125 | 430,510 | −430,385 | 61.9 | 44% |
| 2019 | 6,719,405 | 451,392 | 6,268,013 | 225.7 | 39% |
| 2020 | 1,574,072 | 153,348 | 1,420,724 | 775.4 | 40% |
| 2021 | 3,092,140 | 1,597,203 | 1,494,937 | 85.7 | 4% |
| 2022 | 2,659,372 | 2,082,543 | 576,829 | 69.0 | 7% |
| 2023 | 201,708 | 2,099,330 | −1,897,622 | 57.6 | 7% |
In its most recent public year (2023), this organization spent $1,897,622 more than it brought in. Its reserves stood at about 57.6 months of spending, down from 1302.1 in 2016. Staff pay was 7% of spending. $100,000 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
Citadel Real Estate Foundation's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works