Torrance Police Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2017 | 302,629 | 171,454 | 131,175 | 9.2 | 0% |
| 2018 | 289,066 | 138,309 | 150,757 | 25.2 | 0% |
| 2020 | 139,595 | 73,265 | 66,330 | 78.3 | 17% |
| 2021 | 87,091 | 79,764 | 7,327 | 73.0 | 29% |
| 2022 | 138,478 | 77,483 | 60,995 | 84.6 | 0% |
| 2023 | 213,891 | 116,891 | 97,000 | 66.5 | 0% |
In its most recent public year (2023), this organization brought in $97,000 more than it spent. Its reserves stood at about 66.5 months of spending, up from 9.2 in 2017. Staff pay was 0% of spending. $50,000 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
Torrance Police 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