Connected Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 10,250 | 7,970 | 2,280 | 3.4 | 94% |
| 2017 | 101,639 | 65,462 | 36,177 | 7.6 | 43% |
| 2018 | 118,507 | 117,282 | 1,225 | 4.5 | 33% |
| 2019 | 149,018 | 162,556 | −13,538 | 2.5 | 24% |
| 2020 | 179,030 | 154,822 | 24,208 | 4.5 | — |
| 2021 | 2,374,668 | 147,095 | 2,227,573 | 186.2 | 40% |
| 2022 | 423,000 | 248,586 | 174,414 | 118.6 | 25% |
| 2023 | 32,200 | 358,387 | −326,187 | 82.7 | 18% |
In its most recent public year (2023), this organization spent $326,187 more than it brought in. Its reserves stood at about 82.7 months of spending, up from 3.4 in 2016. Staff pay was 18% 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
Connected 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