Penny Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 162,270 | 97,554 | 64,716 | 10.2 | — |
| 2021 | 570,277 | 323,115 | 247,162 | 12.3 | 12% |
| 2022 | 1,697,715 | 1,443,108 | 254,607 | 4.9 | 19% |
| 2023 | 2,677,136 | 2,519,214 | 157,922 | 3.5 | 4% |
In its most recent public year (2023), this organization brought in $157,922 more than it spent. Its reserves stood at about 3.5 months of spending, down from 10.2 in 2020. Staff pay was 4% 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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