Kalamazoo Foundation For Excellence
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 38,180 | 734 | 37,446 | 612.2 | — |
| 2019 | 6,889 | 562 | 6,327 | 934.7 | — |
| 2020 | 82,875,656 | 274,424 | 82,601,232 | 4188.7 | 0% |
| 2021 | 369,542,486 | 416,961 | 369,125,525 | 13790.8 | 0% |
| 2022 | −45,996 | 442,576 | −488,572 | 12181.3 | 0% |
| 2023 | 7,065,849 | 19,270,802 | −12,204,953 | 292.8 | 1% |
In its most recent public year (2023), this organization spent $12,204,953 more than it brought in. Its reserves stood at about 292.8 months of spending, down from 612.2 in 2018. Staff pay was 1% of spending. $250,131,000 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
Kalamazoo Foundation For Excellence'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