Terrace Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2017 | 16,249 | 226,303 | −210,054 | -11.1 | — |
| 2018 | 12,183 | 330,889 | −318,706 | -19.2 | — |
| 2019 | 9,687 | 582,888 | −573,201 | -22.7 | — |
| 2020 | 1,556,066 | 599,705 | 956,361 | -2.9 | 59% |
| 2021 | 547,504 | 455,426 | 92,078 | -1.4 | 68% |
| 2022 | 483,186 | 563,570 | −80,384 | -2.4 | 56% |
| 2023 | 520,040 | 540,935 | −20,895 | -3.0 | 50% |
In its most recent public year (2023), this organization spent $20,895 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-3 months), up from -11.1 in 2017. Staff pay was 50% 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
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